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Accountancy firm, BDO Stoy Hayward, has revealed the extent to which criminals are targeting housing associations in scams that are costing the sector up to £400 million a year. BDO head of fraud services, Simon Bevan, believes that fraudsters are attracted to social landlords because they make easier prey than the banks. Last year the firm was

According to the latest S&P/Case-Shiller survey of US national home prices, property prices in the US were down a record 15.4% in the second quarter of 2008 compared to the same quarter in 2007. According to the report, the decline in house prices were nationwide indicating that the housing market downturn is continuing in America. However, even

The National Association of Estate Agents (NAEA) is demanding a review of Home Information Packs (Hips) because the slowdown in the housing market means that some of the packs are out of date before a property is sold. The packs were intended to simplify and speed up the house selling process but the majority of

Nationwide is the first lender to publish figures for the UK’s housing market in August. The building society has reported a 1.9% drop in prices during the month, taking the annual fall to 10.5%. The average price of a home now stands at £164,654, or £19,000 less than in August 2007. The lender says that the cost

Taylor Wimpey, the UK’s biggest housebuilder, has reported a catastrophic slide in sales during the first half of the year. Sales of the group’s homes fell nearly 31%, to 8,494, during the six month to the end of June. According to a report in The Times, the level of sales equates to half-a-house per week across