The CBI employers' organisation has cut its forecast for UK economic growth for the third consecutive quarter due to the turmoil in financial markets and soaring oil prices. In a report out today, the business group said it now expects GDP growth of just 2pc next year, down from its ...   more »

UK house prices fell by 3.2% in December, as seasonal factors and the full roll-out of home information packs (Hips) took their toll on an already slowing market, property website Rightmove claimed today.

The website's latest survey of asking prices showed a dramatic fall from an average of £239,986 ...   more »

All one- and two-bedroom properties put up for sale in England and Wales now need a Home Information Pack (Hip).

The rule, which came into force at midnight, extends the new selling process, which was applied first to larger properties during the summer.

Hips are supposed to improve the sale ...   more »