Summary: UK housing prices experienced the sharpest decline in 14 years, falling by 3.8% in July. Rising mortgage rates and high interest rates are affecting potential buyers' affordability. Estate agents are witnessing an increase in sellers needing to sell for financial reasons. The Bank of England is expected to raise interest rates for the 14th consecutive time in the near future. House prices are likely to continue falling, presenting an opportunity for first-time buyers. ...

Summary: UK house builders experience stock price declines following figures and comments from Halifax. Volatility in the housing market presents opportunities for investors. Halifax reports a fourth consecutive monthly decline in British house prices . Resilience observed in the market among first-time buyers seeking smaller properties . ...

Summary: Halifax , the UK's biggest mortgage lender, is reducing rates by up to 0.71 percentage points. HSBC and other major banks have also announced rate cuts in response to rising mortgage rates. The reduction in rates provides relief to homeowners and potential buyers, especially for fixed-rate deals. The move is influenced by expectations of Bank of England rates and inflation trends. Mortgage rates have been on the rise due to consecutive interest rate increases by the Bank of England . Recent decrease in inflation offers optimism about possible rate stabilization. Mortgage companies are aiming to attract customers by ...

Summary: China 's Evergrande , a major property developer, has filed for US bankruptcy protection amidst ongoing restructuring efforts. Trouble in China 's property market extends beyond Evergrande , with other developers also facing financial challenges . Country Garden, a significant developer, is struggling to make bond interest payments due to unfinished projects and mortgage payment issues. China 's economy is grappling with deflation, reduced growth, trade challenges, and central bank interventions. ...