Can’t buy, won’t buy

View from Europe: Chris Giles looks at the causes of the housing downturn and the effects on consumers
A crackdown on mortgage fraud, including the expansion of a scheme that encourages more lenders to report rogue brokers, was announced by the Financial Services Authority
Homeowners in Britain are more convinced that property prices will fall in the coming year than households in the US and other large European economies
Europeans have high hopes that the value of their houses will rise over the next five years, even if the next 12 months see prices remaining stagnant or falling
The UK’s largest lender brings momentum to the trend of falling mortgage rates as it reduced its two- and five-year fixed rates by up to 15 basis points
UK consumers are reluctant to venture into the uncertain housing market or to spend beyond essential purchases, reveal two surveys that suggest households are feeling the strain of tight credit conditions
Are you at risk of negative equity? Find out with our exclusive mortgage calculator
Use our interactive table and map to find how your area is exposed to buy-to-let and non-prime mortgages

View from Europe: Chris Giles looks at the causes of the housing downturn and the effects on consumers

Delphine Strauss analyses the latest data showing weakness in London and a ray of hope in Scotland
For the TV property presenter who once promised to eat her hat if UK house prices crashed, Tuesday’s data from Nationwide will make chewy reading

A big drop in British house prices is likely, partly because prices are extraordinarily high and partly because credit has dried up, says Martin Wolf

If you offer prognoses on the markets, as I do on occasion, you are bound to make the odd mistake. In this column four months ago I made a cracker
In commodity markets a sign that the bottom has been reached is a deluge of selling: that moment is less clear cut when the commodity is people’s homes, but we are not there yet