Tensions between the Prime Minister, Bank of England and Treasury are bubbling away. Bank governor Mervyn King sided with the chancellor yesterday as he appeared before a Treasury select committee and warned Gordon Brown that the UK could not afford a second economic stimulus package. Meanwhile Mr Brown toldRead More →

A number of web-based property sites are showing a rise in the number of people advertising their homes for a house swap. Gumtree recently announced a 12 per cent increase in the past year, with more than 2,000 properties available immediately. A website dedicated to home swapping – Homeswapper4saleRead More →

Latest figures from the Royal Institution of Chartered Surveyors show that the pace of house price decline slowed in May, while sales picked up. Around 6 per cent of estate agents said property values had risen in May, while 42 per cent said prices fell. Buyer inquiries rose forRead More →

A Kent couple who lost their jobs and could not afford to pay their mortgage have been found living in a garage. The couple had been renting the garage, which has no water or electricity, to store their possessions, but moved in when they became homeless and had ‘nowhereRead More →

Rents are cheaper than a year ago, but rents on larger houses are increasing because of a lack of supply. In figures from website findaproperty.com, the average rents stood at £819 a month in April, down from £827 in March and £873 a year earlier. The growing supply ofRead More →