Industry

House prices have experienced their first monthly rise since January 2008, according to the latest figures from the Land Registry.

Global commercial property rents experienced the biggest decline in Q2 for five years with surveyor sentiment remaining depressed, according to Q2 2009 RICS Global Commercial Property Survey.

The Association of Mortgage Intermediaries (AMI) has formed a working party of its members to consider the major issues facing the mortgage market.

Mortgage approvals hit their highest level since March 2008, according to the latest statistics from the British Bankers Association (BBA).

Five of the country's leading housing and economic experts are banding together to form a task force with the aim of breaking the boom-bust cycle in the UK property market.

The Bank of England's Monetary Policy Committee (MPC) noted improving market conditions before unanimously voting to hold interest rates at 0.5%, the minutes of the July meeting have revealed.

Mortgage intermediaries performed 23% more mortgage sources in June compared to May, according to mortgage sourcing provider TrigoldCrystal.

Gross mortgage lending rose 17% in June due to seasonal factors, according to new figures from the Council of Mortgage Lenders (CML).

The CII has elected to freeze membership subscriptions at 2008 levels until at least the end of 2010, in consideration of the economic downturn.

Frustration with lettings agents is the biggest cause of people contacting The Property Ombudsman.