What were the papers saying before, during and after the last house price crash?
THU 06 FEB 19921 - The Times
Prices of houses fall 3.6% in year
HOUSE prices fell by 1.2 per cent last month, the latest Halifax building society house price index shows. It comes after a fall of 1.3 per cent in December and means that house prices are now 3.6 per cent lower than a year ago. Although there are...
TUE 03 MAR 1992 - The Times
No let-up in house price fall
House prices fell again last month in spite of efforts by the government and lenders to breathe life into the market, according to a Nationwide building society survey. Figures showed prices down 1.2 per cent on the previous month, the third consecut...
SUN 08 MAR 1992 - The Sunday Times
Budget butterflies hold off a rise in house prices
HOUSE prices are still falling, and the number of sales in January slumped The Sunday Times House Price Index this weekend shows that prices last month were 4.2% lower than in the previous February, when the property market was still reeling from the...
WED 08 APR 1992 - The Times
House prices most at risk in South-East
A FURTHER sharp drop in house prices seems likely in London and the South-East if Labour wins the election, but the outlook for housing in the rest of the country may depend less on tomorrow's poll than on the state elections held in Germany last Sun...
SAT 02 MAY 1992 - The Times
House prices begin to rise
HOUSE prices rose by 0.7 per cent last month, making the average cost of a home Pounds 55,565, the Nationwide Building Society, said yesterday. The rise comes after four months of falling prices. The last increase, of 1 per cent, occurred in Novembe...
THU 07 MAY 1992 - The Times
Lenders split on housing trends
HOUSE prices fell by 0.4 per cent in April, according to the latest Halifax house price index. The average price of a house is Pounds 60,534, 5.5 per cent lower than it was a year ago. The Halifax's figure contrasts with a 0.7 rise in prices recorde...
SUN 10 MAY 1992 - The Sunday Times
House price fall takes shine off interest rate cut
The Sunday Times Green Shoots Index, launched last month, is an attempt to monitor the state of Britain's recovery. Each week we will note the economic news and assign it Green Shoots points, depending on its importance. Last week's index: +13. BLO...
TUE 02 JUN 1992 - The Times
Falling house prices trap 2m borrowers
AT LEAST 278,000 first-time buyers have mortgages larger than the current values of their properties, according to official figures from the Council of Mortgage Lenders. A report to be published next week by UBS Phillips & Drew, the securities house,...
THU 04 JUN 1992 - The Times
House prices rise 0.4%
House prices rose by 0.4 per cent last month, the Halifax building society said. Earlier this week, the Nationwide recorded a 0.6 per cent rise. Both lenders have cautioned against over-optimism. The Halifax said that although prices showed a 0.4 ...
SUN 07 JUN 1992 - The Sunday Times
The way out of the house price trap
In an open letter to the bosses of Britain's five biggest mortgage lenders, Diana Wright, Personal Finance Editor, invites them to adopt her plan for getting the housing market moving. Dear Sirs I WONDER if you read our article last week on the mortg...
SUN 21 JUN 1992 - The Sunday Times
'Boom days gone forever' as house prices still fall
THE housing market is showing no signs of recovery and will remain depressed for the next five years as cautious buyers adjust to new economic circumstances, says an authoritative report to be published on Tuesday. It predicts a fall this year of 4%...
MON 29 JUN 1992 - The Times
Prices fall as auction houses chase bidders
TWO years ago a painting by Van Gogh sold for Pounds 49.7 million. Tomorrow another work by him is being offered in London with the modest estimate of Pounds 600,000. Nature Morte, Branche d'Amandier is admittedly small, at 91/2in by 71/2in, but it...
FRI 03 JUL 1992 - The Times
Half-price house sale
Seventy houses are to be sold at nearly half-price. The former RAF homes, above, will be priced from about Pounds 18,000 in what estate agents hope will be a swift sale starting in the next few weeks. The houses, on the former RAF ca...
FRI 10 JUL 1992 - The Times
House prices edge up
House prices rose 0.7 per cent last month, the Halifax building society said. The rise, it added, could be a sign that prices were stabilising. "Further recovery remains dependent on improvement in the economy and in employment prospects," a spoke...
SUN 26 JUL 1992 - The Sunday Times
House prices continue to drop as Major studies rescue plans
THE cuts in interest rates have not worked; the mortgage rescue package has failed; and the moratorium on stamp duty has done little to help. What can the government try now to rescue a housing market that seems bent on self-destruction? A report la...
TUE 28 JUL 1992 - The Times
Buyers rush in for half-price houses;RAF houses in Lincolnshire
MORE than 700 buyers are competing for 70 former RAF houses in Lincolnshire that are on sale at about half their market price. The detached and semi-detached post-war houses, some with new roofs and PVC double-glazing, are being offered at prices ran...
SUN 09 AUG 1992 - The Sunday Times
House-price market spirals downward towards crisis
FAR from showing even the first flickering signs of recovery, the housing market is plunging deeper into recession, with the situation, according to some experts, now rapidly moving towards crisis. Prices have already fallen longer and further in Lo...
MON 17 AUG 1992 - The Times
Price mentality holds key to housing market
As this year has passed, it has become apparent that inflation is falling, if anything, faster than expected. But it has also become clear that the high inflation mentality is entrenched in far more parts of the economy than just the labour market. ...
SAT 05 SEP 1992 - The Times
House prices down
House prices fell by 0.7 per cent in August, following a 0.4 per cent fall in July, according to the Halifax, the country's largest building society. Prices are 5.4 per cent lower than they were a year ago and the society predicted no upturn in the m...
FRI 18 SEP 1992 - The Times
Council tax based on 1991 house prices;Politics & Government
THERE will be no wholesale revaluation of the 20 million homes in England liable for the new council tax, even if property prices continue to fall, John Redwood, the local government minister, said yesterday. Houses would be taxed on the basis of the...
SAT 03 OCT 1992 - The Times
House prices drop 1.4% in a month
HOUSE prices fell 1.4 per cent last month when would-be homebuyers were scared off by sharp fluctuations in interest rates as the pound dropped out of the European exchange-rate mechanism. Last month's reduction was the largest since October 1991, wh...
FRI 09 OCT 1992 - The Times
Record fall in house prices
HOUSE prices fell by at least 2.8 per cent in September, the biggest-ever monthly fall and equivalent to a one-third cut over a year. The precise figure will be issued today in the respected Halifax price index. It is understood to be at least double...
SAT 10 OCT 1992 - The Times
House prices soared and slumped
HOUSE prices continued to rise dramatically in the South East and East Anglia after the Crash and more steadily in the rest of the country. In the year to October 1987, house price inflation was put at 14.5 per cent by the Halifax. In Greater Londo...
SAT 10 OCT 1992 - The Times
House prices
House prices have now fallen an average 7.5 per cent over the past year, according to the Halifax price index issued yesterday. House prices fell by 3.1 per cent in September, although the seasonally adjusted index figure showed a 2.7 per cent fall. ...
MON 12 OCT 1992 - The Times
Flat prices fall more than houses
FLATS are falling faster in value than houses in the property slump, with the greatest price falls shown by two-bedroom, two-bathroom flats. While houses have gone down by 5.6 cent over the past year, flats have fallen by 10 per cent, according to a ...
SUN 01 NOV 1992 - The Sunday Times
Granite City house price rollercoaster takes a dip
ABERDEEN's apparent immunity to the property industry's recent maladies may be showing signs of wearing off. House prices in the city have fallen for the first time since 1988, and the number of properties for sale has increased substantially. Based...
WED 04 NOV 1992 - The Times
House prices drop 4% in two months
HOUSE prices fell 2.7 per cent during October, according to the Nationwide, the second largest building society. This follows the 1.4 per cent fall in prices reported by the society for September. The figures indicate that prices, having fallen by m...
WED 04 NOV 1992 - The Times
House prices drop 4% in two months
HOUSE prices fell by 2.7 per cent last month, according to the Nationwide building society. Since the end of August they have dropped more than 4 per cent, figures show. The average house price has fallen more than Pounds 13,000 since autumn 1989 to...
SUN 15 NOV 1992 - The Sunday Times
What price a council house with a resident Maxwell?
IF THERE is a single house bound to attract buyers even in the property slump, it is this one. To view it you must come to a hill overlooking the dreaming spires of Oxford, past the lodge, round the wooded drive, through the colonnade and into Headi...
THU 19 NOV 1992 - The Times
£750m buy-out unlikely to boost house prices
THE government's Pounds 750 million plan to buy up empty property is unlikely to have much impact on the housing market. Housing associations, which are charged by the government to spend the money, have made it clear that they are unlikely to buy m...
SUN 22 NOV 1992 - The Sunday Times
Council tax will mean new fall in house prices
THE FALL in house prices will accelerate when the council tax replaces the poll tax next April, according to a study published today. Morgan Grenfell, the merchant bank, says the value of houses in London and the southeast will fall by up to 4.5% nex...
SAT 28 NOV 1992 - The Times
Bank sees further year of house price pain
HOUSE prices will continue falling next year despite lower interest rates, a new report from Charterhouse, the merchant bank, says. But the market is due for a strong recovery in 1994 and will continue rising for the following three years, it predic...