Inflation

Halifax says house prices fell by 0.9% in the twelve months to April, providing further evidence the housing market is in decline.

House prices have suffered from the first year on year fall since 1996, according to Nationwide's latest house price index.

The UK housing market is unlikely to fare better than other markets around the world, according to Jonathan Davis, managing director of chartered financial planners Armstrong Davis Limited.

Prices for new build properties rose in March, the first increase in prices since December 2007, according to SmartNewHomes.com.

House prices are falling on a monthly basis but the Special Liquidity Regime, announced today by the Bank of England, will bring the market back to normal by September, according to Assetz.

Fidelity Multi-Asset Strategic fund manager Trevor Greetham is keeping his underweight positions in equities and property as the world tackles ‘stagflation' difficulties.

House prices saw their largest monthly fall for over 15 years in March, dropping by 2.5%, according to the Halifax.

House prices have grown by just 1.1% over the past year, the lowest annual growth rate since 1996, according to Nationwide's house price index.

The Bank of England will be able to drop UK interest rates to 4.5% by early next year, according to the Confederation of British Industry (CBI).

House price growth remained stable in February after several months of successive falls, according to Assetz.