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1989 Newspaper Headlines
January
Sunday 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...
Tuesday 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...
Friday 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...
Wednesday 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...
February
Wednesday 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...
Sunday 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...
March
Monday 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...
Wednesday 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...
Wednesday 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.
Friday 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...
Wednesday 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...
April
Friday 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...
Monday 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 ...
Wednesday 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...
Sunday 16 APR 1989 - The Sunday Times - House prices still rise in the north;Personal Finance
Houe 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...
Tuesday 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...
May
Tuesday 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...
June
Wednesday 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
July
Saturday 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...
Saturday 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...
Tuesday 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...
Tuesday 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...
Wednesday 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...
August
Friday 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...
Friday 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...
Friday 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...
Tuesday 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 ...
September
Tuesday 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...
Saturday 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...
October
Sunday 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...
November
Sunday 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...
Tuesday 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...
Thursday 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...
Friday 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...