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1990 Newspaper Headlines
January
Saturday 06 JAN 1990 - The Times - Recovery forecast for house prices in market awash with loan funds
In the long run, we will all be dead, said the currently unfashionable economist, John Maynard Keynes. The same finality cannot be applied to the housing market, a subject close to the hearts of many weary home owners. In the short term it has been ...
Saturday 06 JAN 1990 - The Times - House prices in 2% year-end fall
House prices fell by 2 per cent in the last three months of 1989, the Nationwide Anglia Building Society reported yesterday in its annual review of the property market. The quarterly fall was the biggest recorded by the society, while the annual incr...
Saturday 20 JAN 1990 - The Times - House prices in London drop by 10%
House prices in London dropped by an average 10 per cent last year, bringing the average price down to Pounds 86,800, the lowest since the beginning of 1988, the London Research Centre reports in its quarterly bulletin. The largest annual fall was in...
February
Sunday 18 FEB 1990 - The Sunday Times - House prices may fall still further
Abbey National's decision to increase its mortgage rate shouldn't be a surprise. Given that base rates have been 15% for three months now, the surprise in a sensible market should have been at how long it had taken to react. The decision to move a f...
Tuesday 27 FEB 1990 - The Times - Price of houses 'to fall 10%'
House prices could fall another 10 per cent this year as a result of higher mortgage rates before they begin to recover, says the Amex Bank Review. Prices are still historically high in relation to earnings. However, house prices in different parts ...
March
Wednesday 07 MAR 1990 - The Times - House prices rise but trend is down
House prices rose by 0.3 per cent last month, the first increase since last July, the Halifax Building Society reported yesterday. But, allowing for seasonal factors, the price trend is still downwards. The Halifax, in a survey, said that prices nor...
Friday 09 MAR 1990 - The Times - Switch to poll tax 'may lift house prices 15%'
The switch from rates to poll tax could add 15 per cent to house prices nationally, according to research by the Institute for Fiscal Studies and the London Business School. It will also change the relative prices of houses in different areas, resea...
April
Wednesday 04 APR 1990 - The Times - 10% fall forecast for house prices
House prices will fall by between eight and 10 per cent this year, according to two surveys published yesterday. In London, however, the prospect was more optimistic as prices only fell by 2.6 per cent in the first quarter. The most depressing foreca...
Wednesday 11 APR 1990 - The Times - House prices are still falling, Halifax says
House prices are either static or still falling slightly, the Halifax Building Society reported yesterday. The annual rate of house price inflation, which was more than 34 per cent a year ago, fell to zero by the end of last month, with prices unchan...
Saturday 21 APR 1990 - The Times - Auction houses counsel caution on art prices
After disappointing sales in London this month, Sotheby's said yesterday that it was asking sellers to be "realistic" in setting reserve prices for Impressionist and modern works to be sold at auctions in New York next month. Both Sotheby's and Chr...
May
Friday 04 MAY 1990 - The Times - The end of house price inflation
House price inflation has finally ended nationally, nearly two years after the market peaked, with the latest figures from the Halifax Building Society yesterday showing that the annual rate at the end of April was minus 0.2 per cent. It is the firs...
Saturday 05 MAY 1990 - The Times - Bargain house prices found under the hammer
To buy a house at auction can now cost 20 per cent less than finding a similar property through an estate agent. Auctioneers are also offering loans on the spot. Any bargains are the result of auctioneers insisting that sellers fix realistically low...
June
Wednesday 06 JUN 1990 - The Times - Halifax predicts prices will keep falling;Houses
The fall in house prices is accelerating nationally and is expected to continue for the rest of this year, Britain's biggest building society reported yesterday. But a firm recovery is forecast for next year. The Halifax monthly survey showed that p...
Tuesday 19 JUN 1990 - The Times - House prices
House prices are either static or falling in almost all of England and Wales, the Royal Institution of Chartered Surveyors reports in its price survey to the end of May. The report, confirming the continuing slump in the market, says that 45 per cent...
Tuesday 26 JUN 1990 - The Times - Allen benefits from rise in house prices;Pre-tax profits
Allen, the building contractor and housebuilder, increased pre-tax profits from Pounds 3.97 million to Pounds 4.85 million in the 12 months to April 1, its first full year on the USM. While housebuilders further south are feeling the pinch, Allen, ba...
Wednesday 27 JUN 1990 - The Times - Prestige houses that still exceed list pri;Residential Property
The top end of the market has been a ray of hope for estate agents The Ham, a fine house near Wantage in Oxfordshire, was given a guide price of Pounds 1.5 million when it came on to the market, through Strutt & Parker. The house sold earlier this m...
July
Sunday 08 JUL 1990 - The Sunday Times - House prices
House prices over the 12 months to the end of June suffered their biggest fall since records began in 1952, the Nationwide Anglia building society reported last week. Prices fell on average by 5.3%, which in real (after-inflation) terms is a drop of...
Thursday 12 JUL 1990 - The Times - No cheer in rising house prices
There is a feeling, nothing "stronger, that the bottom of "the current house price "cycle may have passed in the "Southeast and be fast approach"ing in the rest of the country. The "beginnings and ends of cycles "come and go, as unobserved as "ships...
Thursday 12 JUL 1990 - The Times - House prices recover
Signs of a recovery in the housing market for the first time since the boom ended in the summer of 1988, are charted by the Halifax Building Society in its latest house-price survey published yesterday. For the third consecutive month house-price inf...
Thursday 12 JUL 1990 - The Times - Society says return of first-time buyers lifting house prices
The return of first-time buyers, enticed partly by a wide variety of mortgage discounts and other inducements, helped house prices to rise in June, but only by a modest 0.3 per cent, the Halifax Building Society says in a house price survey published...
Tuesday 24 JUL 1990 - The Times - Housing prices static or falling
The housing market is taking a long time to recover despite some signs of life, the Royal Institution of Chartered Surveyors indicates in its survey for the quarter to the end of June. Estate agents are continuing to report static or falling prices a...
August
Wednesday 08 AUG 1990 - The Times - House prices continue to slide
House prices in the UK continued their slide in July, falling by 0.1 per cent on the previous month, and they are now 1.7 per cent lower than a year ago, according to a survey by the Halifax Building Society published yesterday. HOME NEWS
October
Wednesday 10 OCT 1990 - The Times - Small rise for house prices
House prices in Britain rose slightly during September, their first increase for three months, confirming that the slump in the south of England has levelled out, according to the Halifax Building Society. Its survey, prepared before last week's drop...
Sunday 14 OCT 1990 - The Sunday Times - House prices bottom out
The long slide in house prices could be nearing its end. The Halifax's latest quarterly survey of the property market shows that prices in general rose by 0.5% in September, and the indications are of a definite bottoming-out. Last week's cut in the...
November
Sunday 11 NOV 1990 - The Sunday Times - Indicator of the Week;Halifax House Price Index
House prices remained depressed last month, even though the leading lenders announced mortgage-rate cuts of nearly one percentage point. Average house prices fell 0.8%, more than reversing a tentative rise of 0.5% shown in the September figures. Af...
Sunday 18 NOV 1990 - The Sunday Times - House prices set to take off in spring
The worst slump in Britain's housing market for more than a decade will end next spring, an authoritative report will forecast this week. Prices will rise by an average of 20% within two years, Lower interest rates and higher wages will combine to s...
Sunday 18 NOV 1990 - The Sunday Times - City 'slickers' raise house prices
Inverness and Aberdeen have proved the two bright spots in an otherwise sluggish Scottish property market. Increased North Sea oil-related activity has meant a steady flow of workers into the Granite City, and the desirability of living in Inverness-...
Monday 26 NOV 1990 - The Times - Increase in house prices predicted
House prices in Britain will rise by 7 per cent next year and by more than 11 per cent in 1992, followed by slower growth in 1993, statistics from the merchant and investment banking group Charterhouse suggest. That is the conclusion from forecasts t...
December
Thursday 06 DEC 1990 - The Times - House price inflation up
The annual rate of house price inflation rose in November. The 0.2 per cent year-on-year increase in prices was the first recorded since February by the Halifax Building Society. In October, prices had fallen 0.4 per cent compared with a year earli...
Saturday 29 DEC 1990 - The Times - Two-point cut in bank rate 'could revive house prices'
A cut in interest rates by 2 points in the next few months could signal a recovery in the housing market and an increase in house prices of 5 per cent by the end of 1991, the Halifax Building Society predicts today in its annual review of the housing...