Latest: House Price Crash News

Monday, Apr 6 2020 Add a News Blog Article

I certainly hope so. Homeowners lost MIRAS years ago

Moneywise: Buy-to-let landlords, is it time to sell up?

After the scales were tipped in favour of landlords years ago they are being tipped back again. I have no objection to a landlord owning property and renting it out but why should they have a mortgage on it when that mortgage could have gone to a first time buyer (like myself in 1986 when I was able to buy a two year old two bed house for 3x my junior engineers salary)

Posted by tenyearstogetmymoneyback @ 04:58 PM 6 Comments

Losses expected

BBC: Banks bow to pressure and axe shareholder payments

Between them, Lloyds, Royal Bank of Scotland, Barclays, HSBC and Standard Chartered, were expected to pay a total of £15.6bn to shareholders, according to analysis from investment firm AJ Bell.

Posted by deepak @ 10:14 PM 2 Comments

The loans were sold at a discount

Yahoo Finance: Fortress-Managed New Residential Is Selling $6 Billion of Debt

Key take aways: New Residential, which has seen its stock sink more than 65% this year, has a market value of about $2.2 billion cut its quarterly dividend 90% to preserve liquidity. While the Federal Reserve is buying up mortgage debt, the effort is focused on securities consisting of so-called agency loans that were created with help from the federal government -- different from New Residential’s non-agency debt. “Conditions created by the Covid-19 pandemic have greatly impacted the mortgage REIT industry, The company said its book value has declined about 25% to 30% since the end of last year.

Posted by deepak @ 09:55 PM 0 Comments

Even worse news for savers

BBC: Coronavirus: UK mortgage market goes into partial lockdown

Another article about how Coronavirus is affecting the Mortgage Market. Savers are just as badly affected. I have a YBS Regular savings account which matures in about a fortnight and can't see anything remotely interesting on their website. Surprisingly NS&I is actually better than most building societies at present.

Posted by tenyearstogetmymoneyback @ 08:27 PM 1 Comments

Up to a 10% drop

Bloomberg: Frozen U.K. Home Market Leaves Buyers Wondering Where to Go

With about a quarter of the world in lockdown, the order to stay at home has taken on a new dimension for one of Britain’s favorite pastimes - Property

Posted by crash bandicoot @ 04:17 PM 0 Comments

Government last ditch attempt to stop house price crash - suspend the market

Guardian: Housing market frozen by government action during coronavirus lockdown

The government has asked that viewings cease apart from virtual ones. Interestingly the FT said this followed a plea by banks and the disappearance of new mortgage finance. On Rightmove I had noticed that the listings were generally either new or reduced in the last 2 months. In other words, HPC in process. Is this really a response to COVID-19 or the ultimate attempt to shore up prices, removing sellers so that they don't become the overpopulated side of the market. If virtual viewings continue, will prices nonetheless continue to slide? Legal processing of sales may also have stopped - in which case I guess both sides have been frozen?

Posted by nickb @ 10:16 AM 7 Comments

Where to now?

Resolution Foundation: Helicopters on standby?

As I posted below the BoE have run out of their traditional responses. This article considers the alternatives now available.

Posted by crash bandicoot @ 06:44 PM 1 Comments

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House Price Statistics - UK National

Source website Period covered Average house price Monthly change (%) Annual change (%) Archive / Graph Peak average house price Change since peak (%) Official releases
LSL Property Services & Acadametrics (England and Wales) Jun 18 £303,960 0.20 2.10 Cross£305,654
(May 18)
0.5516/07/2018 (PDF)
Halifax House Price Index Jun 18 £225,654 0.30 1.80 Tick£227,871
(Mar 18)
0.9706/07/2018 (PDF) (England and Wales) Jul 18 £310,577 0.10 1.30 Cross N/A N/A 12/07/2018 (PDF)
Hometrack - Monthly National Survey May 18 £217,400 0.00 4.30 Cross N/A N/A 29/06/2018
Land Registry Monthly Report Apr 18 £226,906 1.20 3.90 TickThis monthN/A13/06/2018 (PDF)
Nationwide House Price Index Jun 18 £215,444 0.50 2.00 TickThis monthN/A01/06/2018 (PDF)
Rightmove House Price Index July 18 £309,191 0.10 1.40 Tick£317,281
(May 17)
2.5516/07/2018 (PDF)

House Price Statistics - Greater London

Source website Period covered Average
house price
change (%)
change (%)
Annual change
Archive /Graph Peak average
house price
Change since
peak (%)
Official releases
Land Registry Monthly Report Apr 18 £484,584 2.40 N/A 1.00 Tick£530,409
(Jan 16)
8.6413/06/2018 (PDF)
Nationwide House Price Index Q2 18 £468,845 N/A 2.30 1.90 Cross£478,782
(Q1 17)
2.0801/06/2018 (PDF)
Rightmove House Price Index July 18 £628,458 0.50 N/A 1.70 Tick£649,864
(May 17)
3.2916/07/2018 (PDF)

Archive of old house price surveys

House Price Predictions

If you have discovered other or revised predictions that you'd like added to this list then send an email to us with all the information for each column and also a link to a website that contains the information so that we can verify the data.

This table is now sorted by the date that the prediction was made.

Source website Analyst Photo Date prediction made Amount predicted Region Time Period Evidence Notes
National Housing FederationDavid OrrPhoto of David OrrDec 2013 35%UK2013-2020Tick
House prices will increase by another 35% by 2020, leaving a huge swathe of the population locked out of home ownership for life.

Predictions archive