House prices in the capital are falling, and have dropped by an average £28,000 in the last month alone, as experts warn of a property-led downturn in investment affecting the economy next year.

Sub-prime mortgages are set for strong growth in the UK over the next four years, according to market analyst Datamonitor.
Datamonitor predicts that the market for this type of mortgage will be worth £31.5bn by 2011, compared to £24.6bn in 2006.

House price growth in the capital is set to slow down this month as potential buyers are beginning to be dissuaded by high house prices and rising interest rates.
Though property prices in central London rose by 3.1% in June, it is predicted that this growth will slow in July.

First time buyers are borrowing more and more to get themselves on the property ladder, according to figures from the Council of Mortgage Lenders.
The CML survey shows that first-time buyer income multiples reached their highest level ever in May at 3.37 times the average first-time buyer income, up from 3.33 in April.

Homeowners face the highest mortgage rates for six years after the Bank of England decided to increase interest rates to 5.75% this week.
This has prompted concern from debt counsellors and property experts that the rise will push struggling homeowners over the edge, forcing them further into debt, and raising the prospect of increased mortgage arrears […]

Average asking prices for houses in London are less then the national average for the first time in the past six months, which may be a sign that the house price boom is nearing its end.
The average house price rose by 0.8% nationwide this month, while the Londons property prices rose by just 0.7%, with […]

The number of complaints to the Ombudsman for Estate Agents (OEA) rose by 41% to a total of 8,472 in 2006.
As a result, 586 cases were referred for formal review and resolution. 18% more than in 2005, though the largest number of complaints to the OEA occurred in 2002.

The number of new mortgages dropped slightly during March, which may be an indication of a slowing housing market, according to the Bank of England.
The total value of mortgages in March was £9.9bn, compared to the adjusted figure of £10bn for February. 111,000 new mortgages were approved in March, compared with 117,000 the previous month.