Fears of a ‘massive’ global property price fall

Property prices have climbed to dangerous levels in several advanced economies, raising the risk of massive price falls if markets overheat, according to the Organisation for Economic Co-operation and Development (OECD). Catherine Mann, the OECD’s chief economist, said the think-tank was monitoring “vulnerabilities in asset markets” closely amid...
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Why a house price crash is on the cards in 2017

House price growth is a constant in many people’s minds. The idea that they could fall seems unlikely according to homeowners who have enjoyed a long period of profiting from bricks and mortar. However, things could be about to change. Just as during the credit crunch there was...
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Revealed: the extent of the buy-to-let market collapse

New research has exposed the scale of the fall in buy-to-let purchases in the year that the Government hiked stamp duty by 3pc on such transactions. The number of properties sold to buy-to-let investors has fallen 63.7pc in the year to November in England and Wales, according to...
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Business leaders urge government to tackle UK housing crisis

Business leaders have urged the government to tackle the housing shortage by expanding the rental sector and creating incentives for older homeowners to vacate large properties. The CBI set out 10 recommendations to get more people into suitable housing ahead of the publication of a white paper by...
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The 7 most affordable places in the UK to buy a house

Getting a foot on the property ladder has always been difficult, but there are some areas of the UK where it easier than others. The average UK house now costs eight times the average national wage. But new research, carried out by online money-saving agent eMoov, shows that...
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Hammond ditches Osborne’s help-to-buy homes scheme

Philip Hammond has confirmed that the government’s help-to-buy mortgage guarantee scheme will be closed by the end of the year, another of former chancellor George Osborne’s flagships now abandoned by the Treasury. In a letter to Bank of England governor Mark Carney, the chancellor said the scheme had...
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