Mortgage Bankers Association

The increase in interest rates to 5.50% next United Kingdom provided just over a week's time. It is expected that this additional impact on a slowing housing market in the United Kingdom. Statistics from the British Bankers Association showed a decrease in the number of permits in connection with 8%, despite the market during the summer, traditionally strong. British interest rates are the target of exceeding market forecasts of Oracle (from August 2006, expanded in November 06), from 5.75% in September2007 At the risk of further rises thereafter should inflation continue to remain above the 3% CPI

Spain housing market suffered a blow this week, when the housing sector is a strong dip in the stock market. Spain's housing boom over Great Britain in length and size and with more than 500,000 British citizens, so they have participated through the second and retirement homes. Consequences of the Spanish property bubble bursts, it will affect only the second United Kingdom in Spanishproperty investors.

The U.S. housing market continues to fall, many British companies are directly or indirectly in the booming real estate market in the United States will begin to squint in order to feel the lack of income, particularly in the construction industry and the impact on the economy British. Expectations are higher and the U.S. housing market crisis, pushing the U.S. economy into recession in 2008, which surely many more British companies affected. The fall in property prices in the United States, combined with the falling dollarfurther contributes to the relatively expensive price of the property market in the United Kingdom compared.

Crunch point of departure for the UK housing market will then force the summer when the area of accessibility not only as a result of 5.50% interest rate, but also the prospect of further rises to come before the end of the year is likely to characterize the British housing boom. Especially because many of the low initial interest rate fixed deals that house buyers have enjoyed during the boom wereremoved in the light of rising interest rates and tighter credit markets worldwide.

British house prices are at a very high multiple of average income, ranging from X5 to income X13. The impact of interest rates rising, household bills such as energy and Council Tax Benefit, and the weakening of the overseas markets means that some time has finally come to the UK market.

British owners thinking of selling can be done as soon as possible, becauseThe photos in the second half of 2007 are beginning to see more and more the rage for property investors, as the purchase of large speculative to release levy brigade will, thus exacerbating the fall in house prices. For those who argue that she is not going to happen, and it is much cheaper across the Atlantic was told not long ago! As with all peaks of market participants, there are anecdotal trigger normally expressed in posterior position marking milestonesmarket timing, perhaps this time with the United Kingdom may be the introduction of compulsory Home Information Packs (HD) 1 June, which would be the impact of the slowdown of the market because of an anticipated increase in probability of failure of operations.