Title:House price news, information and discussion - HousePriceCrash.co.uk
Description:Latest opinion and statistics on the direction of house prices from thousands of members and news sources all in one place.
Keywords:house price crash, house prices, property prices, house price news, house price forum, property news, economics, estate agents, house value, land prices, debt, mortgages, loans, credit cards, employment
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House price news, information and discussion - HousePriceCrash.co.uk
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Latest Topics
Elizabeth Warren With More Bad News
Apparently
1 million in 2008
2 million in 2009
and 3 million predicted for ...Economist Bloke Thinks Uk Is In Japanese Deflation ModelJust caught the end of the business daily on RaDIO 4 - they were talking to the ...Darling Lies About Uk Gdp...Pension Fund Brings Down Readers DigestLooks like one of many
We will probably see more of this. If a pension fund d...First Time Buyer - Advice On Bermondsey NeededHi all,
I'm looking to enter the property market, as I am going to start my new...Tower Block Of CommonsTower Block of Commons:
In the first episode, broadcast on Monday, we watch as...St. Louis Fed: Us Deflation No Longer A Risk
QuoteIf you think the Fed is a contrarian indicator, your hair may be standing...Massive Layoffs Coming In Nyc, Nevada, California, Colorado, Arizona, Everywhere
QuoteCities, states, and municipalities are sinking by the minute. And unless ...Least And Most Affordable Housing In The World, By Nation And City
QuoteInquiring minds are reviewing the results of the 6th Annual Demographia I...£25 GrandSadly, my mother in law has passed away.
Gladly, through the sale of a house we...
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Latest: House Price Crash News
Tuesday, Feb 2 2010
Add a News Blog Article
Spending/borrowing culture? Where...?
BBC: Demand for credit back on the rise
New borrowing on credit cards, loans and overdrafts has outstripped the amount being paid back by UK consumers for the first time since June.
And what with the higher interest payments! Why worry about debt, tax payers will bail everyone out!
Posted by markj69 str05 @ 10:43 PM 4 Comments
Banks trying to keep their profits up?
Telegraph: Bank loan rates hit 9-year high
Bank personal loan rates have climbed to a nine-year high due to a rise in borrowers failing to meet their repayments.
Posted by markj69 str05 @ 10:16 PM 1 Comments
More useful than the OED (Oxford English Dictionary)
Macro Man Blog: The Devil's Dictionary of Financial Terms
Some of the gems:
bail out, v. To selflessly save the global economy from depression and mass unemployment. If we hadn’t bailed out AIG, the unemployment rate would be 25% right now!
CDS, n. The simultaneous purchase of kindling, lighter fluid, matches, and fire insurance on your neighbour’s house.
house, n. An abode; an investment. Formerly an asset, now a liability.
leverage, n. The act of turning your problem into our problem.
Posted by nathan @ 09:46 PM 0 Comments
Homeowners’ dreams are their children’s nightmares
Evening Standard: Homeowners’ dreams are their children’s nightmares
The most interesting point she makes is this: "But the worst thing the baby-boomers did to us on the housing front wasn't the years they spent driving up prices, it was infecting us with their obsession." I noticed with some of my colleagues who are younger than me and priced out, unbelievably still think house price inflation is a good thing.
Posted by tenant super @ 08:58 PM 6 Comments
Examining the link between planning restrictions and house prices
Demographia: 6th Annual Demographia International Housing Affordability Survey 2010 [PDF]
Looking at the UK alone: LEAST affordable by house-price-to-earnings ratio are: Bournemouth (8.1), London (7.1), Plymouth Devon (6.4), Swindon (6.3), Bristol-Bath (6.1), Telford (6.1), Warwickshire (6.1). MOST affordable are: Middlesborough (4.4), Sheffield (4.5), Dundee (4.6), Hull (4.6), Manchester (4.6).
In Sydney, Australia, the land component of house prices has risen from 30% to 70% in the last ten years. In Sydney, 57.4% of gross (pre-tax) income goes on mortgage costs; whereas in Dallas-Fort Worth, only 13.4% of income goes on mortgages.
Posted by drewster @ 08:45 PM 3 Comments
Good job we have a safe pair of hands at the healm
Citywire: UK economy stuck between a rock and a hard place
Like the ship in Jason and the Argonauts, the UK economy is drifting towards a pair of clashing rocks. On one side: the threat of deflation, a double-dip and an even deeper, longer recession. On the other: dependence on quantitative easing (QE), a massive, growing public deficit and a risk of inflation. At the ship’s helm, facing an acute policy dilemma, is the Bank of England’s monetary policy committee (MPC). It meets this week to decide whether to stop QE, which has injected £200 billion into the economy, or extend it further.
Posted by jack c @ 04:50 PM 6 Comments
The real cost of over-valued property
Shelter: Affordability crisis fractures families
Not sure how the media will be able to spin this one as "good news"...
Ms Boycott said: 'We must urgently address this situation and make sure housing is a key issue ahead of the forthcoming election. That’s why we are calling on people to log on to our website today and join in the debate about the need for more affordable housing.'
Posted by doomwatch @ 04:30 PM 1 Comments
Hoping for a new economy
FT: The UK has been outpaced by inequality
Following the National Equality Panel's report, this article wonders if any politician is going to do something about it. Or will the usual fusillade of self-serving falsehoods ensure nothing changes?
Posted by letthemfall @ 04:11 PM 5 Comments
HPC back on - Roger Bootle
Telegraph: Weakening recovery threatens double dip
"US house prices have fallen a long way. Prices are still falling in just about all of the markets that got overblown – including Ireland, Spain and France. But here in the UK house prices have been rising. I find it difficult to believe this makes sense. The correction may take the form of a crash or a gentle, gradual decline, but this market has a major adjustment to make. "
Posted by chrisch @ 02:47 PM 14 Comments
Get out of UK commercial property
MoneyWeek: Get out of UK commercial property
UK commercial property sales doubled in the last quarter of 2009, compared with the year before. So does this mean it’s time to pile back into the sector?
Posted by damien @ 12:11 PM 0 Comments
View More News Posts 
House Price Statistics - UK National
Source website
Period covered
Averagehouse price
Monthly change
(%)
Annual change
(%)
Archive /Graph
Peak averagehouse price
Change sincepeak (%)
Official releases
Communities and Local Government House Price Index
Nov 09
pound;200,454
N/A
0.60
pound;221,758 (Jan 08) 9.6112/01/2010
FT House Price Index (Acadametrics)
Dec 09
pound;214,283
0.80
4.20
pound;231,595 (Feb 08) 7.4808/01/2010 (PDF)
Halifax House Price Index
Dec 09
pound;169,042
1.00
1.10
pound;199,770 (Aug 07) 15.3807/01/2010 (PDF)
Home.co.uk (England and Wales)
Jan 10
N/A
0.10
1.70
N/A
N/A
12/01/2010 (PDF)
Hometrack - Monthly National Survey
Jan 10
N/A
0.10
1.00
N/A
N/A
01/02/2010
Land Registry Monthly Report
Dec 09
pound;161,783
0.10
2.50
pound;186,045 (Jan 08) 13.0429/01/2010 (PDF)
Nationwide House Price Index
Jan 10
pound;163,481
1.20
8.60
pound;186,044 (Oct 07) 12.1329/01/2010 (PDF)
Rightmove House Price Index
Jan 10
pound;222,261
0.40
4.10
pound;242,500 (May 08) 8.3518/01/2010 (PDF)
House Price Statistics - Greater London
Source website
Period covered
Averagehouse price
Monthlychange (%)
Quarterlychange (%)
Annual change(%)
Archive /Graph
Peak averagehouse price
Change sincepeak (%)
Official releases
Communities and Local Government House Price Index
Nov 09
pound;314,875
N/A
N/A
1.10
pound;351,096 (Jan 08) 10.3212/01/2010
Halifax House Price Index
Q4 09
pound;255,473
N/A
N/A
1.50
pound;320,847 (Q3 07) 20.3829/01/2010 (PDF)
Land Registry Monthly Report
Dec 09
pound;324,352
1.50
N/A
6.10
pound;357,976 (Jan 08) 9.3929/01/2010 (PDF)
Nationwide House Price Index
Q4 09
pound;276,088
N/A
3.40
7.00
pound;303,739 (Q4 07) 9.1008/01/2010 (PDF)
Rightmove House Price Index
Jan 10
pound;407,731
2.30
N/A
5.50
pound;416,157 (Oct 09) 2.0218/01/2010 (PDF)
Archive of old house price surveys
House Price Predictions
If you have discovered other or revised predictions that you'd like added to this list then send an email to us with all the information for each column and also a link to a website that contains the information so that we can verify the data.
This table is now sorted by the date that the prediction was made.
Source website
Analyst
Photo
Date prediction made
Amount predicted
Region
Time Period
Evidence
Notes
Knight Frank Liam BaileyN/ADec 2009 3%UK2010Knight Frank predicts that a continuing growth in unemployment, allied to wage freezes and tax rises, and a rise in average mortgage rates will force a number of sales which, in the absence of greater depth of demand, will see prices slipping back.Jones Lang LaSalleJames ThomasSep 2009 7%UK2010Jones Lang LaSalle's latest UK Residential Market Forecast predicts this market revival is likely to be unsustainable and a fall in prices of -7% on average is likely during 2010.CluttonsThomas GroundsN/AFeb 2009 9%UK2009Cluttons predict that house prices will fall by nine per cent this year and by 1.5 per cent next year, with a peak-to-trough decline of 24 per cent.CluttonsThomas GroundsN/AFeb 2009 1.5%UK2010House prices will fall by nine per cent this year and by 1.5 per cent next year, with a peak-to-trough decline of 24 per centCluttonsThomas GroundsN/AFeb 2009 11%London2009In Central London, Cluttons predict that prices will fall by 11.0 per cent this year but will see a marginal growth of one per cent in 2010, putting the peak-to-trough decline at 29 per cent.CluttonsThomas GroundsN/AFeb 2009 1%London2010In Central London, Cluttons predict that prices will fall by 11.0 per cent this year but will see a marginal growth of one per cent in 2010, putting the peak-to-trough decline at 29 per cent.Market OracleAndrew ButterN/AJan 2009 33%UK2007-2012For Nationwide Index; updates forecast of 35% to 40% drop (peak to trough) done in Sept 07, reason now low long term interest rates will hold prices up until bottom in 2012.Market OracleNadeem WalayatN/AJan 2009 36%UK2007-2011For Halifax Index updates; forecast of 15% drop for 08 done in August 07, bottom 2011.Global InsightHoward ArcherOct 2008 15%UK2009Global insight have further revised down their house price forecasts to show a fall of 15% in 2009.NationwideGraham BealeSep 2008 25%UK2008-2010Nationwide CEO Graham Beale expects a 25% decline between 2008-2010 in UK housing market before any signs of a recovery.Housepricecrash.co.ukJonathan DavisSep 2008 40-50 % UK2007-2011New forecast set at Sep 08. Given historical reference, global bank failures,credit restrictions and economic recession.brightsale.co.ukJeremy HowardN/AAug 2008 0%UK2008-2009New research from BrightSale
suggests that prices do not have much further to fall to bring them back to
long-term equilibriumLloyds TSBEric DanielsJul 2008 5%UK2009Lloyds predict a further 5% fall for 2009 on top of their 10-15% fall prediction for 2008.National Housing FederationDavid OrrJul 2008 25%UK2008-2013National Housing Federation predicts that the average house price in England will rise by 25 per cent over the next five years to reach