Nationwide reports house price bounce

Chris Giles, economics editor, on the persistent uncertainty in the UK housing market
British house prices rose for a sixth month running in October to register their first annual gain since early 2008, the Nationwide Building Society has reported
First-time buyers are returning to the housing market to benefit from price falls and lower interest rates, despite continuing difficulties in securing attractive mortgages
The average asking price for homes in England and Wales has recorded unusually strong growth in the past month, according to the property website Rightmove
Surveys show rising demand in both housing market and the UK high street, with every category of retail on the rise
Property prices will weaken next year after ending this year positively, according to Knight Frank, the property consultancy, with a recovery not expected until 2012 – though real demand remains strong
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