What were the papers saying before, during and after the last house price crash?

TUE 05 JAN 1988 - The Times

Big house price increases on way out, says Woolwich

The Woolwich Building Society said yesterday that this year could be the last year of excessive house price increases as the growth of real disposable income begins to fall. The society said that there was plenty of mortgage money about to help buyer...

SAT 09 JAN 1988 - The Times

First time buyers hold key: House prices

A fall in demand by first time buyers because they cannot afford the price of London property could lead to a slowing down in house price inflation towards the end of the year, the Halifax Building Society said yesterday. In London the number of firs...

SUN 10 JAN 1988 - The Sunday Times

Property: New moves set for the home front

Prices will sit quietly at the eye of a housing storm set to rampage through 1988 THE YEAR ahead will reveal some of the most sweeping changes in the field of housing that the country has seen since the end of the first world war when the Homes For Heroes ideal was born and slum clearance and council housing began to spread across...

TUE 19 JAN 1988 - The Times

Slow sellers push up house prices

The reluctance of house owners to sell is causing a shortgage of supply which could push up property prices, the Royal Institution of Chartered Surveyors says in its survey for the quarter to the end of December, published today. There is a general s...

SUN 07 FEB 1988 - The Sunday Times

Travel (Cruising): Tips that add to the price tag - House rules

AMERICANS just love to tip; the British hate the whole embarrassing procedure. Of all the cultural differences between us, this one comes closest to explaining why Americans have taken to cruising holidays so enthusiastically while the British regard...

SUN 07 FEB 1988 - The Sunday Times

Property: When pay can't tip the house price scale.

MORE THAN half the men working full-time and 80% of full-time working women in London earn less than the amount needed to buy the cheapest houses in the capital, according to a report from the London Research Centre. Using government earnings figures...

FRI 12 FEB 1988 - The Times

Business Roundup: Rising house prices push Ward up 49

Ward Holdings, the Kent property developer which has benefited from booming house prices, the completion of the M25 and the prospect that the Channel Tunnel will swell demand for property in Kent, has reported another sharp rise in profits, with last...

WED 17 FEB 1988 - The Times

Special Report on Thetford (7): Built-in problems of house-price rises

The boom has brought rising house prices, by Norfolk standards. Prices rose by 30 per cent last year and as more and more people want to live in the town, including those wishing to retire there, the forecast for this year is a further 25 per cent. ...

SAT 05 MAR 1988 - The Times

House prices increase by 16.9 percent

House prices increased by 16.9 per cent in the year to the end of February, compared with 16.3 per cent to the end of January, the Halifax Building Society announced yesterday. It said this increase, which shows the property market generally has not ...

THU 10 MAR 1988 - The Times

Rising house prices lift property group to 4 million pounds

An improving sales mix combined with rising house prices boosted pretax profits at Federated Housing from Pounds 2.5 million to Pounds 4.4 million in the year to December 1987. Average selling prices were Pounds 60,000, compared with Pounds 47, 000 d...

TUE 05 APR 1988 - The Times

House price rises slow in London

Rising house prices in areas surrounding London appear to have helped to take the pressure off prices in the capital, which last year rose by 28.9 per cent. In the past three months the rise in Greater London was only 3.5 per cent, less than the nati...

SUN 10 APR 1988 - The Sunday Times

Personal Finance: House price gap widens

THE house-price boom has boosted wealth in London and southeast England by Pounds 39 billion since 1984, while the northwest and Scotland are poorer by Pounds 18 billion, according to a recent study by Tom McRae, professor of finance at the Universit...

FRI 06 MAY 1988 - The Times

North-South gap on house prices 'is set to narrow'

The North-South gap on house prices has reached its peak and will begin to narrow as towns in the North catch up with their expensive counterparts in the South, a report published yesterday by Black Horse Relocation said. One of the main reasons is t...

SUN 08 MAY 1988 - The Sunday Times

Poll tax will boost house prices

A POLL tax will sent house prices rocketing by an average of 20% across the country, according to two new independent studies, write David Hughes and Christopher Smallwood. The forecast, which is four times higher than the government's own prediction...

FRI 20 MAY 1988 - The Times

House prices up 50%; Norwich; Focus

One inevitable side-effect of Norwich's having joined the south-east economic boom is a sharp rise in house prices. According to Arnold Son & Hockley, a firm of chartered surveyors, there have been increases of up to 50 per cent in the last year alo...

TUE 24 MAY 1988 - The Times

Prices boom as property 'cauldron' bubbles; House price rises

House prices increased by up to 50per cent in the Hereford area in the past 12 months and are rising by 40per cent a year in East Anglia, estate agents report in a survey published today by the Royal Institution of Chartered Surveyors. They are examp...

SAT 28 MAY 1988 - The Times

30m pound house price surprises agents; The Holme in Regent's Park

The Kuwaiti owner of The Holme in Regent's Park, London, one of the most expensive houses in the country, is intending to sell the house quietly, having spent three years restoring it under the supervision of the Crown Estate Commissioners and making...

MON 13 JUN 1988 - The Times

Poll tax may lift house prices 20%

The Government's planned community charge will push up house prices sharply, according to a report published today. The report, written by Mr Peter Spencer, a former Treasury economist now with the securities house Credit Suisse First Boston, says th...

TUE 28 JUN 1988 - The Times

Builders appeal for more land as house prices soar again

Britain's housebuilders appealed yesterday for more land to be released as estate agents and council planners provided yet more evidence of a booming market. Mr Alan Cherry, president of the House-Builders Federation, expressed "grave concern" that...

SAT 02 JUL 1988 - The Times

House-rich;House prices;Family Money

Soon no area of the country will be immune from "rampaging" house-price increases, says the Royal Institution of Chartered Surveyors. The institution says that more than half of the 188 estate agents who contributed to its survey of prices for the...

THU 07 JUL 1988 - The Times

Rising house prices may send inflation through the roof

If the weather or the prospect of in terminable delays at airports are not enough to depress you, you might like to try the balance of payments (in deepening deficit) or the rate of inflation (rising). I would choose inflation because it is more top...

FRI 29 JUL 1988 - The Times

Action on gazumping;House prices

The professions involved in house transfer have set up their own working party to consider estate agency and issues including gazumping. The working party, initiated by Mr Michael Clark, former president of the Royal Institution of Chartered Surveyor...

MON 01 AUG 1988 - The Times

House price boom `to end next year'

The house price boom will end next year after peaking on increases of 25 to 30 per cent this year, but prices are unlikely to fall in real terms. The strongest influence in dampening prices will be the gradual slowing of real personal disposable inc...

FRI 05 AUG 1988 - The Times

House price rises may be past peak

House price rises may have peaked after increasing by 28per cent throughout Britain in a year, the Halifax Building Society said yesterday. Many regions had seen prices rise by more than 40per cent in the year to last month, with property in East An...

THU 11 AUG 1988 - The Times

English rushing to buy Scots homes;House prices in Scotland are soaring

House prices in many parts of Scotland are soaring with so-called "blue chip" properties in Edinburgh and country houses in Perthshire and the Borders recording spectacular rises. Many houses, such as Georgian apartments in Edinburgh's New Town, ar...

FRI 12 AUG 1988 - The Times

Rising house prices `holding back firms in the South-east'

Rising house prices and a lack of rented accommodation in London and the South-east is retarding companies' growth, according to the Confederation of British Industry. Many companies are spending big sums to attract workers from regions where housing...

SAT 20 AUG 1988 - The Times

Hebden Bridge riding high thanks to trains

The little town of Hebden Bridge in West Yorkshire, which achieved an unhappy prominence in the 1970s, is now enjoying a housing price boom. Long-distance commuters to London have been lured by relatively near fast rail links to the South. The town ...

SUN 21 AUG 1988 - The Sunday Times

Let the nation retire to Dungloation;House Prices

"I DON'T give a damn how much your house is worth" is one of the more graphic T-shirts now doing the rounds. I sympathise. The house-price spiral must be outright winner as most tedious conversation topic of 1988. Throughout the land, people ar...

TUE 06 SEP 1988 - The Times

House price inflation 'is likely to fall sharply' next year

House price inflation will fall sharply next year, the Halifax Building Society predicted in its latest survey published yesterday. Figures from the Halifax last month showed house prices had risen nationally by an annual 30.7 per cent. However, it ...

SAT 17 SEP 1988 - The Times

Country house prices `to rise further'

Country house prices in Britain have risen by 33 per cent so far this year and are likely to increase further this autumn, according to Savills, the estate agents. A report on country properties at the middle and top end of the market shows that fore...

SUN 18 SEP 1988 - The Sunday Times

Place your bets on house prices

DINNER-PARTY pundits who like to predict house prices can now back their forecasts without buying a single property. IG Index, a specialist financial bookmaker which takes bets on everything from pork-belly futures to the FT-SE 100 index, tomorrow i...

SAT 24 SEP 1988 - The Times

Jitters on house prices

If you have your minds on higher things such as a 13 per cent mortgage rate I bring tidings of great joy. Interest rates will be down by January, private investors will be venturing back into the stock market in 18 months, and we shall all be wonderi...

SAT 24 SEP 1988 - The Times

Jitters on house prices;Fall on the way, say the experts

House prices in London and the South-East are actually about to fall. After months in which the pundits have been warning of a slow-down in house price rises, the latest round of mortgage increases that has boosted loan rates to 12.75 per cent, 13 p...

SUN 25 SEP 1988 - The Sunday Times

House prices slow rapidly

RISING mortgage rates are bad news for the property market. Many sellers a re not going to get the prices they would have got for their homes a few months ago. "For sale" boards are reappearing in areas where they had almost become museum pieces....

TUE 27 SEP 1988 - The Times

House prices

House prices are a deeply religious issue, estate agents greedy and sinful, and building bungalows should be banned, according to a Devon rector . The Rev Barry Swift, of Axminster, says pensioners buying retirement homes at inflated prices are drivi...

TUE 11 OCT 1988 - The Times

Pilgrim share price leaps on confirmation of offer

Williams Holdings yesterday confirmed stock market speculation by launching an agreed Pounds 330 million bid for Pilgrim House, the electrical, electronic and fire protection group. The fast-growing industrial conglomerate, built up by Mr Nigel Rudd ...

WED 19 OCT 1988 - The Times

Students pay price of housing shortage

A corner where Mr Stuart Cromer keeps his high-fi was used until last summer by a number of dipsomaniacs, glue sniffers and punk rockers of no fixed abode as a lavatory. "When we started disinfecting the walls and pulling up the carpet we found that...

SAT 29 OCT 1988 - The Times

Long distance season tickets go up by 21%

The increase in fares is bound to have a dampening effect on house price increases in the middle distance commuter areas, according to local estate agents . Ipswich has become increasingly popular as a commuter town recently, and by early this year p...

SUN 30 OCT 1988 - The Sunday Times

Holding the key to cut-price pleasure

JENNY BUDDEN, her husband Alan and two children have been swapping their 400-year-old cottage near Haslemere in Surrey for the past 10 years. "I wouldn't consider going on holiday any other way. Instead of going to resorts, where everyone's a tour...

SAT 05 NOV 1988 - The Times

House prices crumble

The great house-price halt is under way and London and the South-East are in the vanguard. The Halifax Building society reports that prices in these regions did not rise during October, although house prices in other areas continued to rise. The ave...

SUN 06 NOV 1988 - The Sunday Times

House prices will languish until incomes catch up

THE house-price boom is over and that's official. Statistics published by the Halifax building society last week reveal that price rises throughout the southern half of England have come to a halt. Indeed, with an average zero increase during Octobe...

SAT 03 DEC 1988 - The Times

Prices subside as Nigel puts his house in order

The first "success" of the tight monetary policy of the Chancellor, Mr Nigel Lawson, is in the housing market where the boom in prices is already passing into history. Mortgage rates will go up again in January in response to the latest increase i...

WED 07 DEC 1988 - The Times

Housing slows

The rise in house prices is likely to slow to less than 5per cent by the end of next year, the Halifax Building Society forecast in its latest survey, published yesterday. The Halifax house price index showed prices increased nationally by 1.7 per ce...

SUN 11 DEC 1988 - The Sunday Times

Exodus as Londoners are blitzed by house prices

RECORD house prices are encouraging people to leave London and the southea st at a rate not seen since the blitz of the second world war. About 100,000 more people will leave the southeast this year than will move into the region, according to a stud...