Conflicting reports have been issued by two rival property listings websites. According to Rightmove, sellers are increasing their asking prices, but Zoopla are claiming that house prices have fallen by 11% since last summer.

It has been announced by the BBC that there are fears over new mortgages, and the fact that there are fewer people out there looking for a mortgage. The re-mortgage market has shown a sign of incensements and this is may simply be because there are fewer people able to move due to the extremely slow property market.

Chelsea Building Society announces fraudulent mortgages.

It was announced today that the Chelsea Building Society has been a victim of a huge number of fraudulent cases and has lost somewhere in the region of £41 million. The fraudulent cases have resulted in the building society remaining in the red with a recorded loss of £26 million overall loss in the half of this year, this is on top of a loss of £39 million last year.

Is the worst of the recession over?

There are a variety of articles being released commenting that the worst of the recession could be over, but the latest figures show the number of shops, retail outlets, public houses, etc, etc, closing is increasing, the number of people being made redundant is increasing and also the number of people trying to stop repossession is increasing. So is the worst of the recession actually over?

Are house prices falling, stabilising or increasing?

It has been reported by various sources as of late that house prices are falling, stabilising and increasing, but who is right?