Nationwide reports house price bounce

Chris Giles, economics editor, on the persistent uncertainty in the UK housing market
The traditional owners of Britain’s large country houses are being displaced by a wave of international and “new money” buyers, according to research
The recent rebound in house prices is spilling over into growing demand for household goods, according to the official data on retail sales, leading to renewed optimism the UK will return to growth in the fourth quarter
The number of seven-figure property sales this year in England and Wales is expected to be just 2,800, a dramatic drop from the market peak two years ago
House prices in England and Wales rose modestly for the sixth consecutive month in October, underscoring the message from recent surveys that the housing market’s worst days are now past
Hopes of recovery among consumers received a boost after retail sales surged last month, helped by half-term holidays and Halloween, while house prices rose at their fastest rate since 2006
Growing numbers of home owners are being forced to sell their properties at a loss. This interactive map and table allow you to explore the worst affected areas
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Chris Giles, economics editor, on the persistent uncertainty in the UK housing market

View from Europe: Chris Giles looks at the causes of the housing downturn and the effects on consumers
The Financial Service Authority’s new proposals for regulating the residential mortgage market are crude. But they should, nonetheless, be welcomed
News that housing markets are starting to level out is cheering. It would, however, be naive to assume that the housing market is now on firm and steady ground
The overhang of property in the hands of highly-leveraged owners and the number of people waiting for prices to stabilise will choke any recovery
The question of whether a bottom to the UK housing downturn is in sight can be asked with a straight face for the first time in well over a year. But promising figures are still being treated cautiously
Houses are still too expensive. The average house price is now around £150,000 and the average salary around £25,000. That makes the price to income ratio a whopping six times
The weight of money in futures markets and spread betting sites suggests talk of an upturn is premature
The start of the house price recovery seen in the higher-value equity-driven markets in London will feed down into other areas as the economy starts to grow. I