Thursday, Feb 26, 2009
Hooray, the DCB is over
BBC: House prices down another 1.8% in February
House prices fell by 1.8% in February as confidence in the UK property market failed to pick up, according to the Nationwide building society.
The lender said that the average UK property has fallen in value by 17.6% over the past 12 months, to £147,746.
Posted by mark wadsworth @ 07:40 AM (1364 views) Add Comment
13 Comments
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1. monty032 said...
So the average householder has lost £98 a day in February, and has lost £86 a day over the last year. Still, better to buy in a declining market and suffer this loss than, say, earning 6% or 7% in corporate bonds. The economy is going so well that the housing market is bound to turn on a sixpence within the next few months.
2. paul said...
This might just make the mainstream turn from the denial to the panic phase.
3. fubar said...
Finnula E. Proving yet again she is the Comical Ali of the crash.
4. Justanotherftb said...
Ha ha! This has cheered up my morning :)
5. bluebeach said...
I wonder what totally conflicting figure Darling's Bank.... I mean, The Halifax (HBOS, Lloyds or whatever) will come up with later?
6. titaniccaptain said...
I refure to the answer given by bluebeach some moments ago
7. will said...
Rampers should be burned at the stake. Last night on TV we were subjected to Location Location, Escape to the Country and Grand Designs within an hour of each other, the Government's ramping machine in action. Sad to see Phil Spencer with Krusty for one last time.
8. str 2007 said...
Well I don't wish to be burnt at the stake and it's not ramping, but, Grand Designs I don't class as a ramping programme they mention prices and budgets but I wouldn't consider them rampers, just a good programme if you're remotely interested in people pushing the boudries in architecture.
Anecdotal again.
Seen quite alot of sales in the last couple of weeks (South Hampshire).
Very pleased to see this drop this month but wouldn't be surprised to see the DCB techieman has talked of as I think the low interest rates are sucking people in.
9. bluebeach said...
My thoughts exactly str2007, about people who just want a decent life in a house that's a little different... More of Grand Designs and less of the horrible greed related tripe from the rest please.
10. Suzyandjoe said...
What wwill happen when interest rates go up again?
oh yes of course we will have rampant inflation leaving debts deflated...
11. Mr G said...
Could someone tell me what is a DCB please?
12. justwatching said...
Mr G
DCB=dead cat bounce
kill a cat. throw from roof & even it will bounce.
real analogy me thinks is even a shot market will have a period of increase on the way down as some poor fools get excited by falls in prices & buy back in too soon.
13. Mr G said...
Thanks justwatching.