What were the papers saying before, during and after the last house price crash?
FRI 04 JAN 1991 - The Times
House prices;London
House prices in London could rise by 3 per cent in the next six months, the estate agent Barnard Marcus predicted in its quarterly survey of prices. HOME NEWS
SAT 05 JAN 1991 - The Times
Record fall in house prices
HOUSE prices fell by a record 10.7 per cent last year, the Nationwide Anglia building society reported yesterday in its end-of-year survey. The figures showing the biggest recorded annual fall and, for the last three months of 1990, the biggest quart...
THU 10 JAN 1991 - The Times
House price rises suggest a recovery
HOUSE prices in London and southwest England showed a small increase during the last quarter of 1990, the first rise since the slump in the property market began in the summer of 1988, the Halifax building society said yesterday. The society's latest...
WED 16 JAN 1991 - The Times
Agent fined over house price claim
AN ESTATE agent was fined Pounds 800 yesterday over a "grossly misleading" advertisement claiming that the price of a house had been cut by Pounds 30,000. The case is believed to be the first brought under section three of the Consumer Protection A...
MON 04 FEB 1991 - The Times
House prices in the late 1980s are not to blame for the recession
The increase in house prices in the late 1980s was not to blame for the present recession, according to an article in Housing Finance, the journal of the Council of Mortgage Lenders. The article, by Jarlath Costello and Adrian Coles, also rejects the...
SUN 10 FEB 1991 - The Sunday Times
House prices 'may not recover this year'
TIME could be running out for any significant increase in house prices this year. The Abbey National, whose house-price forecast has been developed with the London Business School, is expected to halve its previous estimate for growth. The figures wi...
WED 06 MAR 1991 - The Times
House price rises predicted this year
HOUSE prices remained almost static between January and February, indicating that the market has finally bottomed out, the Nationwide Anglia Building Society reported yesterday. The society's price survey found that at the end of last month the avera...
WED 13 MAR 1991 - The Times
House prices predicted to rise 66% over five years
HOUSE prices in the UK are predicted to rise by an average of 66 per cent over the next five years as the housing market recovers from the slump through falling inflation and interest rates. The Housing Mortgage Corporation, in its latest house price...
SAT 30 MAR 1991 - The Times
London house prices 'up 0.5%'
HOUSE prices in greater London have increased in the past three months for the first time since September 1988, the estate agent Barnard Marcus reports in a survey to be published on Tuesday. The agent, which has 50 offices in the region, also report...
MON 08 APR 1991 - The Times
House prices are not the problem
The cult of the "property owning democracy" seems to be following its high-priestess into oblivion, especially since the Chancellor smashed the Golden Calf by abolishing higher rate tax relief on mortgages in last month's Budget. These days, the p...
SUN 21 APR 1991 - The Sunday Times
Country houses fall 15% in price
THE biggest casualties of the property slump were country houses in the home counties and "other southern regions", according to Savills, the estate agency that buys and sells houses for the rich, writes Andrew Yates. In a research document publish...
WED 01 MAY 1991 - The Times
The price is right in the housing basement
A repossessed home's worth is measured, not by estate agents' hype, but by the price it fetches at auction, reports Michael Horsnell The bargain basement of Britain's property market is in the grip of a new phenomenon as thousands of repossessed home...
THU 02 MAY 1991 - The Times
Residents fear fall in house prices
BR's choice of the south London route for the Channel tunnel link has stirred strong protests from those in its path. RESIDENTS in Peckham, southeast London reacted angrily last night to British Rail's final decision to endorse a southerly route for ...
MON 20 MAY 1991 - The Times
House prices 'to rise by 2% at most'
SOME 80,000 repossessed homes will be on the market during 1991, according to the economics team of UBS Phillips & Drew, the securities group. It says that the properties, equivalent to a medium-sized town, will soak up demand and, with rising unemp...
FRI 24 MAY 1991 - The Times
Bank set to act on house prices
THE Governor of the Bank of England warned the Building Societies Association conference in Glasgow that a resurgence of house price inflation would be firmly countered by the authorities. Robin Leigh-Pemberton, who said earlier this year he was prep...
SAT 01 JUN 1991 - The Times
House price inflation
From Mr M. R. Darke Sir, Who is kidding whom? I find Robin Leigh-Pemberton's reported remark ("Bank set to act on house prices", May 24) to the Building Societies Association conference commenting on house price inflation that "with hindsight, th...
SAT 01 JUN 1991 - The Times
House price inflation
From Mr Richard Wardrop Sir, Following Mr Leigh-Pemberton's comments on house price inflation, I am prompted to ask what plans he has to bring bank employees' mortgage rates into line with the rest of us poor (sic) mortals? He might also care to comm...
AT 01 JUN 1991 - The Times
Georgian furniture attracts top prices in house sale
GOOD examples of Georgian furniture prompted keen bidding when the contents of a cliff top house at Mevagissey, Cornwall, were sold for Pounds 224,269. The sale at the home of the late Ronald Strauss, a retired City financier, was expected by Phillip...
TUE 04 JUN 1991 - The Times
2% house price rise is biggest for year
HOUSE prices increased by 2 per cent last month compared with the previous month, the largest monthly rise since March 1990, the Nationwide Building Society reported yesterday in its latest ouse price index. Nationwide said the increase followed the ...
UN 30 JUN 1991 - The Sunday Times
House price rises boost hopes in London, but recovery to be slow
LONDON'S housing market is emerging slowly from the slump, according to two reports to be published this week. The recovery is fragile and dogged by economic uncertainty, but prices in some areas are beginning to rise and the number of sales has inc...
MON 08 JUL 1991 - The Times
House prices 'to stay static'
HOUSE prices are forecast to remain static over the next two years despite the expected 1 per cent drop in mortgage rates before the end of the year. Schroders, the merchant bank, estimates in its latest Economic Perspective that on top of an expecte...
THU 08 AUG 1991 - The Times
Halifax building society revises its forecast on house prices
The Halifax building society yesterday revised its forecast of a 5 per cent increase in house prices this year. Britain's biggest building society said it now expected prices to rise by less than 3 per cent this year due to the recession and soaring...
THU 22 AUG 1991 - The Times
House slump narrows North-South price gap
THE housing market slump has had a savage effect in the south of the country while leaving the north relatively unscathed, narrowing the gap in prices between the two, the Council of Mortgage Lenders reports today. Its study of the market shows that ...
SUN 08 SEP 1991 - The Sunday Times
Weekly watch on UK house prices
THE most comprehensive weekly information service on home ownership in the United Kingdom starts today with the launch of The Sunday Times House Price Index, compiled with Morgan Grenfell, the merchant bank. The index combines data from the two bigge...
WED 11 SEP 1991 - The Times
House prices
From Mrs Eileen Scott Sir, You report (September 3) that council-tax bills may be higher than predicted because of an apparent miscalculation of average house prices. The environment department is quoted as saying: "We stand by our figures. They t...
SUN 29 SEP 1991 - The Sunday Times
House-price surge is on the way, but wait for it
PLUMMETING prices, higher earnings and mortgage rates of less than 10% have set the stage for a housing market revival next year, when prices are expected to rise by more than inflation. A report due to be published next month by UBS Phillips & Drew,...
UN 29 SEP 1991 - The Sunday Times
Sunday Times House Price Index;Property
THE Sunday Times House Price Index this week publishes figures from the Halifax building society, comparing price movements since October 1988 in the north and southeast of England. While the southeast has suffered falls, prices have risen in the nor...
THU 10 OCT 1991 - The Times
Fall in house prices dashes market hopes
HOUSE prices fell by 0.8 per cent last month and by 1.1 per cent in the quarter to the end of September, dashing hopes that the market might show signs of recovery by the end of the year, according to figures from the Halifax Building Society yesterd...
SUN 20 OCT 1991 - The Sunday Times
House prices fall by 2% despite interest rate cut
IF statistics are to be believed, the Scottish property market is still some way from showing signs of recovery, writes Wendy Travis. A house price index, compiled by GA Property Services, shows a decrease of over 2% in Scottish house prices between ...
TUE 05 NOV 1991 - The Times
Maverick pays price for loans that were not safe as houses;Building societies
As the Town & Country Building Society sees its future `with the Woolwich', Lindsay Cook reports on the background to the merger and assesses the outlook for the societies The Building Societies Commission has had to steady the nerves of building soc...
THU 21 NOV 1991 - The Times
Falling house prices
House prices remain static in much of England and Wales and are still falling in parts of the South-East, according to the latest survey from the Royal Institution of Chartered Surveyors, published today. Seven out of ten estate agents in the South-E...
THU 05 DEC 1991 - The Times
Market weak
House prices fell by almost 1 per cent last month, confirming that the market remains "very weak", the Halifax Building Society said yesterday, publishing its latest figures. For the year ending in November prices declined by 2.4 per cent and are l...
WED 18 DEC 1991 - The Times
Builders hit by fear of more house price falls;Stock Market
THE growing number of house repossessions and the government's attempts to halt these depressed the construction industry. The prospect of house prices continuing to fall for the foreseeable future caused the shares of the big contractors, already k...
THU 19 DEC 1991 - The Times
Record repossessions are keeping down house prices
The property market is being held back as repossessed houses are resold in some areas at up to 30 per cent below their true value. Ray Clancy reports REPOSSESSIONS are having a significant impact on the housing market, keeping prices low in many par...
MON 30 DEC 1991 - The Times
House prices stuck 'till 1993'
THE housing market should begin to recover in the spring, but house prices are unlikely to show real gains until 1993, the Halifax Building Society says in its annual review published today. The review, prepared before the announcement of a rescue pa...