Latest: House Price Crash News

Wednesday, Jan 20 2021 Add a News Blog Article

Why not reduce their housing cost by £50 per week?

BBC: Universal Credit Benefit increase only 'temporary', says Raab

Then people can buy food without any issues. Why does no one ask how much do you pay for rent/mortgage? Why should housing cost not be reduced that is eating up (pun intended) all the money you make? Then people can live their lives more meaningfully. If food comes before shelter in human need hierarchy then why does the final £20 used for good not the first? This will make you ask the right question that needs solving and its not price of food, its the price of housing.

Posted by deepak @ 05:35 PM 1 Comments

Would you vote higher tax on yourself?

BBC: Second homes- Communities left 'defenceless' by market forces, councillor says

Snippet from article Meanwhile more than a quarter of councillors - 19 out of 74 - did not vote after declaring an interest in the matter, according to the Local Democracy Reporting Service. That's 25% of councillors who have declared interest or benefit from housing within the area.

Posted by deepak @ 06:02 PM 1 Comments

Car finance has been going through the sunroof in past few years.

BBC: Car loan lenders can seize vehicles from February

In 2019, FLA members provided £38 billion consumer car finance through point of sale. Add outstanding finance over the past few years the figure soon starts to add up. I take it there would be other lenders providing car finance too, If from Feb people are going to return their cars bought over the past few years because they can't afford or don't need them any more what happens then? It would be interesting to see how car industry handles this, as cars are generally the second biggest expense a family has. This could be a pre-cursor to what happens to housing loan in times to come. Hence posting this article here.

Posted by deepak @ 12:01 AM 3 Comments

Missing out on buying a NEW first home: How many FTB'ers won't make the HTB deadline

BBC News: 'Covid means we may lose our first home'

The BBC interviews some FTB'ers who look likely to miss out on buying a *new* home due to the ending of the HTB scheme. And as usual there's no analysis, think or balance, just some sob stories and an appeal for yet more market props.

Posted by landofconfusion @ 04:53 PM 2 Comments

Its world over, young treated as fodder for asset price inflation

BBC: Danke Apartment-The 'broken eggshell' that left young Chinese homeless

Dr Tsui added: "These young people are so used to e-commerce, but at the same time have little experience in the financial world. That's why they are the most vulnerable group for a situation like this." All over the world financialisation of every aspect of life has made life difficult for young and the poor who rely on hard work for their living. People who make a living on shares, housing inflation are just as merry as before if not better of

Posted by deepak @ 06:13 PM 0 Comments

Try again...

Bloombergquint: Danes Get 20-Year 0% Mortgages

Will this make the price of a house rise to the point where it is 20 x 12 times the monthly rental price for a similar house in the area? And will the price then stabilise there? It seems that most people aren't bothered about the actual price they agree to pay for the house, but only their monthly outgoing.

Posted by cornishman @ 08:25 AM 6 Comments

!

Bloomberg: Danes Get 20-Year 0% Mortgages

The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.

Posted by cornishman @ 04:58 PM 0 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