No supreise here, the mortgage lenders have said they're not going to lend money to anybody and the haven't. If there are no first time buyers nobody else can move either.

David Leslie, Perth, Scotland

Economise! lets `shop` around for cheaper : water, gas, electric, car tax, tv licence, council tax, public parking, train travel, petrol, postal charges, bt line, hospital parking ....other suggestions welcome...

p. forbes, romsey,

Lenders are simply widening the spread on their borrowing and lending - making more from a smaller book. The BofE should close the DISCOUNT window to Institutions who are hoarding cash rather than lending it out at anymore than base +.25%

Will, Lincoln, UK

If its like over here in the USA, they couldnt throw money at you fast enough. Then have you borrow on the inflated equity in your new home. Our heavy industry has been exported to the point that houses bring our economy down, yet forclosures only amount to 2% of our housing marked. What gives?

William, Atlanta, USA

Maggie left wtih John Major and Nigel Lawson at the helm of affairs, all hell let loose;Mortge int at 15 % Unemployment at 4+ Million, -ve Equity galore, storage and Auction Houses were doing good!Blair left...with Brown+Darling incharge ,what will follow next? Are we witnessing history repeating ?

E Asad, Croydon, England

The true situation is even better ...

In my postcode (SN1) in March 08 there were only 19 property transactions against 107 in March 07. So activity is down over 80 percent.

Finally both banks and purchasers have realised that £200K is too much to pay for a brick-box that costs £50K to build,

Pedro, Stratford,

Anyone else hear about Housing Minister Caroline Flint's blunder today? She held her Cabinet metting notes in front of the media (by mistake) and a zoom in revealed "a 5-10% drop in housing prices at best"...... today we have seen it for real now, a lying and deceptive Government live in action.

Drew, Nottingham,

Isn't it time property prices get capped, lenders get forced to dump their debt and the government govern and tell banks what to do instead of telling us about inflation control it and the country......
Democracy does not have to be a weakling.............

sean scholes , rossendale, lancashire

its... different this time?

isn't it?

Hugh, London,

Excellent news. Finally the people of this country are demonstrating some common sense.

DickW, Aberdeenshire,