Latest: House Price Crash News
Friday, Mar 5 2021 Add a News Blog Article
More Money for Houses
The government have decided to provide incentives to mortgage lenders to offer 95% mortgages for first-time buyers. There don't seem to be many details. I expect the incentive will be UK taxpayers underwriting a share of the loan and hence share of risk if the borrower defaults. at a time of significantly rising national debt, I find this policy questionable.
one in 10 owner-occupiers do not have enough savings to cover even a single month mortgage payments
About 770,000 homeowners are vulnerable to repossession during the pandemic if they have suffered a loss if income, a new report revealed, calling on more government support for those at risk of eviction.Meanwhile, renters may be struggling as well. Last week, a coalition of landlords, housing groups and charities has warned that the government needs to do more to support renters and avoid them "being scarred" by debts, otherwise more will lose their homes in the coming months, with the risk of an increase in homelessness.
But optimism aka greed prevails
'Sellers are pricing in expectation rather than reality': House sales fall as buyer interest wanes - but prices are still rising everywhere but London Sales, new listings and buyer queries all dropped off last month, says the Rics But prices everywhere in the country, apart from London, are still on the up Estate agent says homes are being priced 'in expectation rather than reality'
As expected, anything for the bubble
Annual house price growth slows for first time in six months as end of stamp duty holiday approaches
Understand the “Great” Reset to trade this market.
FOMO buying ??
What was true for your parents generation is not true for you. You have to pay for your accommodation and also their high property value. Not to forget the NHS, pensions that they need from your current salary. Lesson learnt quick and fast, saved you from a life time of misery to keep paying for the housing bubble.
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)||Jan 21||£330,958||1.20||8.70||Feb 2021 (PDF)|
|Halifax House Price Index||Jan 21||£251,968||-0.30||5.40||05/02/2021 (PDF)|
|Office for National Statistics [ONS]||Dec 2020||£252,000||1.4||8.5||17/02/2021 (PDF)|
|Zoopla / Hometrack – Monthly National Survey||Jan 2021||£226,600||0.30||4.30||25/02/2021|
|Land Registry Monthly Report||Dec 20||£251,500||1.20||8.50||17/02/2021 (PDF)|
|Nationwide House Price Index||Feb 21||£231,061||0.70||6.90||March 2021 (PDF)|
|Rightmove House Price Index||Dec 20||£319,945||0.60||6.60||Dec 2020 (PDF)|
House Price Statistics - Greater London
|Source website||Period covered||Average|
|Archive /Graph||Peak average|
|Land Registry Monthly Report||Apr 18||£484,584||2.40||N/A||1.00||£530,409|
|Nationwide House Price Index||Q2 18||£468,845||N/A||2.30||1.90||£478,782|
|Rightmove House Price Index||July 18||£628,458||0.50||N/A||1.70||£649,864|
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|
”CEBR predicts that average house prices will be 13.8% lower in 2021 than in 2020.”