Interest rate decision a 'step backwards'
The Bank of England's interest rate decision represents a "step backwards" for the property industry, according to Townends.
Friday 9 May 08

Property News
See below for latest industry happenings. Come back regularly to stay up to date with latest property news.
London property market stabilising
The London property market is returning to stability despite wider gloom, according to the latest research from Kinleigh, Folkard and Hayward (KFH).
Friday 9 May 08
The London property market is returning to stability despite wider gloom, according to the latest research from Kinleigh, Folkard and Hayward (KFH).
Friday 9 May 08
FT: House prices down 0.2 per cent in April
Average house prices in England and Wales fell by 0.2 per cent in April, according to the latest research from the Financial Times (FT).
Friday 9 May 08
Average house prices in England and Wales fell by 0.2 per cent in April, according to the latest research from the Financial Times (FT).
Friday 9 May 08
Repossession levels soar amid widening gloom
The number of mortgage possession claims in the UK has increased dramatically, according to the latest statistics from the Ministry of Justice.
Friday 9 May 08
The number of mortgage possession claims in the UK has increased dramatically, according to the latest statistics from the Ministry of Justice.
Friday 9 May 08
All steady at the Bank of England
The Bank of England is to freeze interest rates at five per cent for May, the central bank has announced.
Thursday 8 May 08
The Bank of England is to freeze interest rates at five per cent for May, the central bank has announced.
Thursday 8 May 08
Confidence falls among estate agents
Confidence in the future falls among estate agents fell during April, amid turmoil in the UK property market, according to research from PropertyFinder.com.
Thursday 8 May 08
Confidence in the future falls among estate agents fell during April, amid turmoil in the UK property market, according to research from PropertyFinder.com.
Thursday 8 May 08
Two years to recover from liquidity crisis
It will take up to two years for the mortgage market to recover from its present troubles, according to the head of the Building Societies Association (BSA).
Thursday 8 May 08
It will take up to two years for the mortgage market to recover from its present troubles, according to the head of the Building Societies Association (BSA).
Thursday 8 May 08
Hips roll-out to be delayed further
The government has announced the final roll-out of its controversial home information pack (Hip) scheme will be delayed further.
Thursday 8 May 08
The government has announced the final roll-out of its controversial home information pack (Hip) scheme will be delayed further.
Thursday 8 May 08
Prime London property on the slide
Prices for prime central London property have begun to fall, according to a report from Savills.
Thursday 8 May 08
Prices for prime central London property have begun to fall, according to a report from Savills.
Thursday 8 May 08
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