Latest: House Price Crash News

Monday, Nov 30 2020 Add a News Blog Article

Got to look after the rich

This is Money: Second home owners who registered properties as businesses set to land £85m windfall from Government's small business grant scheme

Whilst the chancellor is looking to make cuts & tax rises a so-called "loophole" entitles some wealthy second home owners to around £1300 of free taxpayer cash.

Posted by landofconfusion @ 02:57 PM 0 Comments

Sure sign prices will rise, as they have done so far this year

Bbc: Unemployed predicted to rise to 2.6 million

The latest figures show 1.62 million people are unemployed, a number which has risen by more than 300,000 since last year. Expected to go up to 2.6 million. Surely house prices are on the rise.

Posted by deepak @ 06:33 PM 1 Comments

Risks of home ownership at any cost?

BBC: No guarantees for leaseholders over cladding removal costs

First you buy an apartment at highest price and then get others to pay to make it safe, is it fair? If the price would have gone up would you share the gains? Would the people who already sold at profit before not be asked to return the gains?

Posted by deepak @ 06:31 PM 1 Comments

Greed or FOMO?

BBC: 'My dream flat left me with a £20,000 repair bill'

Govt policy of "Shared ownership" gives you a small percentage of ownership and 100% of the bills. No wonder housing companies are loving this as they do not need to keep up with the repair. This is extremely important when people only compare mortgage and rents only. Home ownership also comes with repair bills

Posted by deepak @ 06:28 PM 2 Comments

What happens when you turn interest rates to zero

Yahoo Finance: Savers who put £47m into minibond firm Blackmore will lose all of their money, say administrators

This is what happens when you push interest rates to zero. Savers start looking for any return then they risk the capital as well. They would never go for loss of capital if they knew what they were getting into.

Posted by deepak @ 09:51 PM 0 Comments

Here we go again

BBC News: Bank of England "injects" extra £150bn into economy

Bank of England can create new money electronically and the Bank spends most of this money buying government bonds through a process known as quantitative easing (QE). QE is sometimes described as "printing money" but in fact, no new physical banknotes are created. Government bonds are a type of investment where you lend money to the government. In return, it promises to pay back a certain sum of money in the future, as well as interest in the meantime.

Posted by khards @ 11:26 AM 4 Comments

Best time to own a house, Its free

BBC: Mortgage holidays extended for up to six months

Anything for home price inflation. There is no chance of a forced seller, there is no chance of a price fall. So that creates a shortage in the market as sellers are stopped from coming in. So when you have few buyers with restricted supply prices could go up artificially. Not sure what will happen when in six months, the additional payments would need to be made and all the sellers are forced at one time. .

Posted by deepak @ 10:45 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)
Home.co.uk (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
Monthly
change (%)
Quarterly
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