House Price Crash forum: Halifax Minus 2.4% - House Price Crash forum

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Halifax Minus 2.4% Rate Topic: -----

#16 User is offline   rantnrave 

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Posted 04 May 2012 - 07:00 AM

MINUS 2.4%

GET IN THERE!

This post has been edited by rantnrave: 04 May 2012 - 07:02 AM

2012 Predictions - made January 1st 2012
  • Inflation to drop sharply and to a level that makes pay rises and savings account rates seem half decent
  • BTL to be revealed as the next financial disaster in the making as potential tenants buy lower priced houses
  • Progress to be made toward the market bottoming out from 2015, so more falls but not as seen in 08-09

#17 User is offline   Dancake 

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Posted 04 May 2012 - 07:01 AM

-2.4!!!!

#18 User is offline   Pent Up 

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Posted 04 May 2012 - 07:03 AM

Excellent. Wiped out last month. Any revisions? Whats the full Numbers? Can't view the report as I'm abroad with no internet and I'm risking few quid on my mobile bill just to check the numbers this week!
Remember that buying a house is a highly leveraged investment and can result in losses that exceed your initial deposit. Buying a house may not be suitable for everyone, so please ensure that you fully understand the risks involved.


"The time to buy is when blood is running in the streets" Baron Nathan Rothschild

#19 User is offline   rantnrave 

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Posted 04 May 2012 - 07:06 AM

View PostPent Up, on 04 May 2012 - 07:03 AM, said:

Excellent. Wiped out last month. Any revisions? Whats the full Numbers? Can't view the report as I'm abroad with no internet and I'm risking few quid on my mobile bill just to check the numbers this week!

Can't access it yet...
2012 Predictions - made January 1st 2012
  • Inflation to drop sharply and to a level that makes pay rises and savings account rates seem half decent
  • BTL to be revealed as the next financial disaster in the making as potential tenants buy lower priced houses
  • Progress to be made toward the market bottoming out from 2015, so more falls but not as seen in 08-09

#20 User is offline   TheCountOfNowhere 

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Posted 04 May 2012 - 07:06 AM

View PostDancake, on 04 May 2012 - 07:01 AM, said:

-2.4!!!!


Can I claim nearest prediciton even thought it was tongue in cheek :D

#21 User is offline   MrFlibble 

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Posted 04 May 2012 - 07:06 AM

Lovely Jubbly...

That number will be hard to ignore by the MSM, fingers crossed :P
"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." - Norm Franz

In Gold we trust...

#22 User is offline   Frank Hovis 

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Posted 04 May 2012 - 07:07 AM

View Postrantnrave, on 04 May 2012 - 07:00 AM, said:

MINUS 2.4%

GET IN THERE!


What he said :)

Off to check the Daily Express website....

Edit: can't find it there, or anywhere else yet. Too early.

This post has been edited by Frank Hovis: 04 May 2012 - 07:12 AM

Honorary truck driver.

#23 User is offline   rantnrave 

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Posted 04 May 2012 - 07:07 AM

Full report here.

160K breached...

My link
2012 Predictions - made January 1st 2012
  • Inflation to drop sharply and to a level that makes pay rises and savings account rates seem half decent
  • BTL to be revealed as the next financial disaster in the making as potential tenants buy lower priced houses
  • Progress to be made toward the market bottoming out from 2015, so more falls but not as seen in 08-09

#24 User is offline   neil324 

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Posted 04 May 2012 - 07:08 AM

:P

#25 User is offline   Dancake 

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Posted 04 May 2012 - 07:10 AM

Key facts


House prices in the three months to April were 0.3% higher than in the preceding three months (November 2011-January 2012). This was the first increase in prices on this measure of the underlying trend since September 2011 (0.1%), following six successive falls.
On a monthly basis, house prices fell by 2.4% in April. This more than offset the previous month's 2.2% increase as prices continue to fluctuate month-to-month.
Prices in the three months to April were 0.5% lower than in the same period a year earlier. This measure of the annual rate improved slightly from -0.6% in March and showed the smallest fall in prices since October 2010 (+1.2%).
No change in the average UK house price so far this year. The UK average price in April 2012, at £159,883, was virtually the same as in December 2011 (£159,888).

#26 User is offline   hiace_drifter 

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Posted 04 May 2012 - 07:10 AM

The main page on the Halifax House Price Index - April 2012 page says this:

Quote

UK house price growth on an underlying basis remains relatively subdued, according to the latest Halifax House Price Index.
Commenting, Martin Ellis, housing economist, said:
"Prices in the three months to April were 0.3% higher than in the previous quarter, marking the first rise in this measure for seven months. Despite the slight improvement in the underlying trend in recent months, house prices continue to lack real direction with the current UK average price little different to where it was at the end of 2011. The monthly figures continue to fluctuate quite widely with a 2.4% decline in April, wiping out March's 2.2% rise.


Quote

"The ending of the stamp duty holiday for first-time buyers in late March appears to have boosted home sales early this year as buyers strove to beat the deadline, and has probably contributed to the volatility in house prices in the last few months.

"We continue to expect little overall movement in prices as the UK economic situation remains challenging."


Quote

Key facts
  • House prices in the three months to April were 0.3% higher than in the preceding three months (November 2011-January 2012). This was the first increase in prices on this measure of the underlying trend since September 2011 (0.1%), following six successive falls.
  • On a monthly basis, house prices fell by 2.4% in April. This more than offset the previous month's 2.2% increase as prices continue to fluctuate month-to-month.
  • Prices in the three months to April were 0.5% lower than in the same period a year earlier. This measure of the annual rate improved slightly from -0.6% in March and showed the smallest fall in prices since October 2010 (+1.2%).
  • No change in the average UK house price so far this year. The UK average price in April 2012, at £159,883, was virtually the same as in December 2011 (£159,888).

#27 User is offline   thecrashingisles 

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Posted 04 May 2012 - 07:11 AM

An annualised rate of decline of 25%.
Top Of The Property Drops

#28 User is offline   stuckmojo 

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Posted 04 May 2012 - 07:12 AM

Now last month was 2.2%, surprise surprise.


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#29 User is offline   hiace_drifter 

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Posted 04 May 2012 - 07:15 AM

Quote

The UK average price in April 2012, at £159,883, was virtually the same as in December 2011 (£159,888).


Um, hang on.... The UK average price in April 2012 was virtually the same as in JUNE 2004! So that's 7 years without any house price growth :D :D :D

#30 User is offline   Paul77 

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Posted 04 May 2012 - 07:18 AM

View Posthiace_drifter, on 04 May 2012 - 07:15 AM, said:

Um, hang on.... The UK average price in April 2012 was virtually the same as in JUNE 2004! So that's 7 years without any house price growth :D :D :D


Oh man don't say that, you will p!ss off homeowners mortgage prisoners.
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