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

SUN 01 JAN 1989 - The Sunday Times

Falling prices put couples in two-home trap;House-buying;North-south divided

BARRIE and Sandra Grossman bought the house of their dreams in June. But six months later they are thinking about selling it, having never moved in, their hopes shattered by the slump in the property market. Their old home remains unsold, while inte...

TUE 03 JAN 1989 - The Times

Agents optimistic about house prices

A leading national firm of estate agents believes a collapse in the property market in 1989 is highly unlikely. Strutt and Parker has completed a review of 1988 trends, dominated by panic buying in the summer, then a London-led slowdown in the last q...

FRI 06 JAN 1989 - The Times

Shortage of teachers in Essex linked to soaring house prices

Essex faces a chronic shortages of teachers because of soaring house prices, according to a survey by the National Association of Schoolmasters/Union of Women Teachers. Eight per cent of teachers are moving from the Basildon and mid-Essex area to ot...

WED 11 JAN 1989 - The Times

A realistic new year;House prices;Residential Property

The owner of a two-bedroom flat in St John's Wood, London, was advised by an estate agent last summer to offer it at Pounds 170,000. After five months of frustration he has asked Roy Brooks to find a buyer at the considerably lower price of Pounds 1...

WED 08 FEB 1989 - The Times

House prices 'set to fall everywhere'

House prices will fall by between 10 and 20 per cent over the next two years, and the housing market may remain weak for some time after that, according to two bank reports out today. Morgan Grenfell, the merchant bank, says in Housing Slump - the Ne...

SUN 26 FEB 1989 - The Sunday Times

Pounds 800,000 price on house Turner painted;Property

Living in a Turner painting may be a novel experience, but it is also rather expensive. This magnificent Georgian house in Barnes, left, which was painted by Turner in 1826, is little changed, though houses have mushroomed around it and...

MON 06 MAR 1989 - The Times

House prices recover

House prices, suffering from the effects of interest rate increases, showed a slight recovery in February, rising by 1.6 per cent, compared with a fall of 0.8 per cent in January, Halifax Building Society reports today. The index shows that over the...

WED 08 MAR 1989 - The Times

Agents forecast up to 20% rise in house prices near route;Channel tunnel rail link

Property prices in Kent in areas within reach of stations on the Channel tunnel rail link are likely to rise by 10 to 20 per cent because of improved access to London the line will bring, according to estate agents in the county. They believe that th...

WED 22 MAR 1989 - The Times

Marking time;House prices in Britain

House prices in Britain are likely to stagnate this year, the Halifax Building Society said yesterday. It expects high demand in the Midlands and North but a slowing down in the South.

FRI 24 MAR 1989 - The Times

Priced-out families `need help';Housing

Increasing pressure for rural housing to be used as second, retirement and commuter homes is destroying the fabric of traditional village life, a report out yesterday says. The resulting conflict of interests between the local population and the infl...

WED 29 MAR 1989 - The Times

House trend bucked;Quarterly prices

Property in the north of England is showing steady price increases against the trend elsewhere, according to the Halifax Building Society. The average quarterly price change is zero, varying from falls of 5 per cent to rises of 5 per cent. In contra...

FRI 07 APR 1989 - The Times

North booms;House prices

House prices in northern areas, including the North-west, Yorkshire and Humberside, increased by 10 per cent in the last three months compared with a rise of only 1 per cent in the London area, the Nationwide Anglia Building Society's new house marke...

MON 10 APR 1989 - The Times

10% house price rise forecast

House prices in Britain could rise by up to 10 per cent this year, although the South of England will see only a modest if any increase, it is predicted in a report published today by the House Builders' Federation. Even in the South, however, house ...

WED 12 APR 1989 - The Times

Housing reverses North-South divide;House price survey

The North-South housing divide, which favoured the South last year, has been reversed, the Halifax Building Society reports in its house price survey yesterday. Prices took off in the South in the first quarter of last year while the economic boom wa...

SUN 16 APR 1989 - The Sunday Times

House prices still rise in the north;Personal Finance

HOUSE PRICES in London and southeast England have fallen during the last quarter, according to figures published by both the Halifax and the Nationwide building societies. But the fall has been tiny. Nationwide's figures show a 0.2% decrease for old...

TUE 25 APR 1989 - The Times

House owners have to cut prices to secure sale

House owners in many parts of the country are lowering the price of their homes in order to sell them, the Royal Institution of Chartered Surveyors (RICS) states in its survey for the quarter ending in March, published today. Of 155 agents contributi...

TUE 23 MAY 1989 - The Times

High house prices

People who ask unrealistically high prices for houses are probably the main reason for the slow property market, Mr Peter Miller, for the Royal Institution of Chartered Surveyors, says in a comment on its latest house price survey published today. It...

WED 07 JUN 1989 - The Times

Bigger rise;House prices

UK House prices rose by 1.7per cent last month compared with 1.2per cent in April, in spite of stagnant or falling prices in the Midlands and South, the Halifax Building Society said yesterday. HOME NEWS

SAT 01 JUL 1989 - The Times

Owners drop house prices by 20% to encourage sales

House prices are being cut by thousands of pounds to sell properties that have been on estate agents' books since last year. Vendors, still influenced by last summer's prices, are having to reduce asking prices by as much as 20per cent to sell, accor...

SAT 08 JUL 1989 - The Times

Quotient warning hits price;Computer software house

Shares in Quotient, the USM-quoted financial computer software house formerly known as the CCF Group, tumbled by 17p, to 80p, as the group announced its second profits warning. At the annual meeting in May, Mr Tim Simon, the chairman, gave warning of...

TUE 11 JUL 1989 - The Times

House prices in doldrums

House prices fell throughout the South of England in the second quarter of the year while continuing to rise in the North and Scotland. There are signs, however, that even there prices have reached their peak and are slowing down, the Halifax Buildin...

TUE 25 JUL 1989 - The Times

Buyers cash in by cutting their offers;House prices

Gazundering, a practice in which house-buyers put in a lower offer just before exchanging contracts after previously agreeing a price, is becoming increasing common, the Royal Institution of Chartered Surveyors reports in its latest house price surve...

WED 26 JUL 1989 - The Times

Tunnel line cuts price of houses;Channel tunnel

A number of properties blighted by their closeness to the Channel tunnel terminal at Cheriton in Kent have been put up for sale at 20 per cent below market value. The 26 properties are in the villages of Newington, Peene and Frogholt and are being so...

FRI 04 AUG 1989 - The Times

All house prices `may fall'

House prices throughout the country could fall next year, the Halifax Building Society says in its latest survey. It is the first Halifax price index to forecast a fall in prices. Until now, it has said prices next year would be flat. Prices are fla...

FRI 11 AUG 1989 - The Times

House prices will not rise until 1991

House prices are unlikely to start rising again until 1991, according to Black Horse Relocation, which published its annual report on the housing market yesterday. The announcement came as the Building Societies Association announced that 70 per cent...

FRI 18 AUG 1989 - The Times

House prices could fall for some years, consultants predict

House prices are set for a long-term fall in real terms, followed by a slow recovery in the 1990s, a firm of consultants concludes in its gloomy forecast of the housing market, published today. In addition, a report published today by the Building So...

TUE 22 AUG 1989 - The Times

Sellers accept cut in asking prices;House prices

House sellers have accepted that they must reduce prices to find buyers, the Royal Institution of Chartered Surveyors says in its latest house price survey, published today. Mr Peter Miller, for the institution, said the survey showed more stability ...

TUE 26 SEP 1989 - The Times

Falls bring buyers' market to North;Housing prices

The North has now felt the ripple effect of the fall in property prices in the rest of England and Wales, the Royal Institution of Chartered Surveyors' house price survey reports today. Properties not realistically priced are sticking, and in the Nor...

SAT 30 SEP 1989 - The Times

House prices down by 3.8%

House prices in London fell by 3.8 per cent in the last three months, leaving them 16 per cent lower than at the height of the property boom last year, according to Barnard Marcus estate agents (Our Property Correspondent writes). That drop was the s...

SUN 15 OCT 1989 - The Sunday Times

House buyers to be scarce until prices reach bottom

'OF COURSE the price is coming down," snapped the estate agent trying to sell a basement flat off Kensington High Street in London. "The owners are desperate to sell." But the customer, despite having seen the flat collapse from Pounds 170,000 t...

SUN 05 NOV 1989 - The Sunday Times

House prices may rise next spring

BRITAIN'S depressed housing market could pick up much sooner than expected, according to a forecast to be published this week. The Morgan Grenfell bank believes the housing market has reached a point where recovery is in sight. It says rising income...

TUE 07 NOV 1989 - The Times

House prices

House prices continued to decline in October, the Halifax Building Society said yesterday . In its latest house price survey, the society said there was a further deceleration in the annual rate of house price inflation in October to 7 per cent, from...

THU 09 NOV 1989 - The Times

House prices 'to rise'

Property prices in London, the south-east and East Anglia will recover next year and begin to increase by about 10 per cent a year, according to Morgan Grenfell, the merchant bankers, in a report on the housing market published yesterday. The recover...

FRI 17 NOV 1989 - The Times

House prices to recover next year

House prices are expected to reach a turning point in the third quarter of next year after a two-year decline, Charterhouse the merchant and investment banking group said yesterday in its annual study of the housing market. A week ago another firm of... 1990 - HISTORICAL NEWS REPORTS ON HOUSE PRICES