P544 Teletext 544 Nov 6 21:00:25    ————————— ———————  ———————————— HOUSING SURVEYS PREDICT SLOWDOWN 1/8 The good news for homeowners is house prices are still rising. The bad news is the rate of rise is slowing. The Halifax house price survey for October this week reported a rise in prices of 1.2% over the month and 6.7% over the last year. Nationwide Building Society's quarterl8 report puts the average rise over the last 12 months at 9.2%. Both lenders predict a slowdown. ——————————————————————————————————————— Are your numbers up? Premium Bonds 549 WHAT'S ON AT YOUR LOCAL CINEMA? p460 Mortgages Savings Borrowing City
P544 Teletext 544 Nov 6 21:00:41    ————————— ———————  ———————————— HOUSING SURVEYS PREDICT SLOWDOWN Figures from the Halifax show: Average house price £73,764 Average new home price £74,045 First-time buyer's home £53,668 First-time buy—rs spend 3.46 times income on a home. Former owner-occupiers spend 4.35 times their income on a home. ——————————————————————————————————2/8—— Money news 541 Holiday £ 548 CITY NEWS p500 Mortgages Savings Borrowing Cit9
P544 Teletext 544 Nov 6 21:00:10    ————————— ———————  ———————————— HOUSING SURVEYS PREDICT SLOWDOWN The Halifax suggests there is no sign of boom or bust in the housing market. It says October's rise in home price1 was larger than expected, taking the annual rate to its highest for 1998. "The underlying trend remains stable with home prices continuing to ri3e at a moderate rate. This underlines that the market remains healthy with no indication of either boom op bust. ——————————————————————————————————3/8—— Premium Bonds 549 Mortgages 545 NOW IT'S EVEN EASIER TO FIND LOVE: TELETEXT DATING ITV p390 Mortgages Savings Borrowing City
P544 Teletext 544 Nov 6 21:01:31 Advert PROPERTY PLUS >>                    Looking for the right mortgage or re-mortgage ? You'll need to buy a copy of What Mortgage magazine, the U.K's best selling mortgage magazine. Available from W.H.Smith, Menzies and leading newsagents every m4/8h.         Mortgages Savings Borrowing Cit=
P544 Teletext 544 Nov 6 21:00:57    ————————— ———————  ———————————— HOUSING SURVEYS PREDICT SLOWDOWN Both the Halifax and Nationwide surveys do point to a downturn in the coming months. The Halifax says: "The expected slowdown in the economy over the next year is likely to reduce housing dbmand and curb housing market activit9. "We expect house price inflation to ease gradually during the remaindbr of 1998 and into next year, falling to 4% by the end of 1999." ——————————————————————————————————5/8—— Advice clinic 543 Holiday £ 548 WHAT'S ON AT YOUR LOCAL CINEMA? p460 Mortgages Savings Borrowing City
P544 Teletext 544 Nov 6 21:00:15    ————————— ———————  ———————————— HOUSING SURVEYS PREDICT SLOWDOWN Figures from the Nationwide suggest a slowdown in the rate of house price inflation in the coming months. It says the threat of recession and mounting job losses is slowing activity in the housing market. But it adds: "Th—re is no reason to expect a decline in activity on anything like the scale seen between 1989 and 1992.! ——————————————————————————————————6/8—— Money news 541 Advice clinia 543 WHAT'S ON AT YOUR LOCAL CINEMA? p460 Mortgages Savings Borrowing City
P544 Teletext 544 Nov 6 21:01:40    ————————— ———————  ———————————— HOUSING SURVEYS PREDICT SLOWDOWN The Nationwide says it's unlikely there will be a housing market slump of the magnitude of that which hit the UK at the end of the '80s. "Interest rates are on a downward trend and the market is better positioned to weather a less-favourable economic environment," says a spokesman. "There has been no repeat of the '80s boom and homeowners are in a stronger position with far less mortgage debt." ——————————————————————————————————7/8—— Money news 541 Holiday £ 548 SWITCH TO p628 AND Y'U COULD SAVE ON YOUR MORTGAGE Mortgages Savings Borrowing City
P544 Teletext 544 Nov 6 21:06:00    ————————— ———————  ———————————— HOUSING SURVEYS PREDICT SLOWDOWN The Nationwide Building Society says house prices are likel9 to riue b= 7% on average in 1998 and by 2.5% in 1999. "This would be an historically mode3t slowdown in terms of prices, with the implication that we will sbe a return to the more muted housing market cycle1 of the 1950s and 60s." It says the housing market in the Cit9 and manufacturing areas could be wor1t hit in an economic slump. ——————————————————————————————————8/8—— Money news 541 Holiday £ 548 SWITCH TO p628 AND YOU COULD SAVE ON YOUR MORTGAGE Mortgages Savings Borrowing Cit=