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http://news.ft.com/cms/s/eda08f64-0b96-11d...000e2511c8.html

House price rises back at 1996 levels

By Chris Giles

Published: August 13 2005 03:00 | Last updated: August 13 2005 03:00

The decade-long boom in house prices is over with price rises down to a level last seen in August 1996, the latest FT House Price Index shows.

The continued small monthly falls in prices since March on the FT index - the most accurate guide to the prices paid in the market - suggests there are few grounds for believing the slowdown has run its course.

Edited by Buffer Bear

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From the same article:

"But presenting the Inflation Report on Wednesday, Mervyn King, the governor of the Bank of England, thought recent developments in the market had been positive.

"Clearly, the fact house prices have been constant means the house market has stabilised, " he said. "There were concerns and downside risks to our earlier forecasts that house prices might fall quite significantly. That has not been seen so far . . . so I think the picture of the housing market is a stable housing market."

Hmmm.. Is Mervyn trying to talk up the market now?

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From the same article:

"But presenting the Inflation Report on Wednesday, Mervyn King, the governor of the Bank of England, thought recent developments in the market had been positive.

"Clearly, the fact house prices have been constant means the house market has stabilised, " he said. "There were concerns and downside risks to our earlier forecasts that house prices might fall quite significantly. That has not been seen so far . . . so I think the picture of the housing market is a stable housing market."

Hmmm.. Is Mervyn trying to talk up the market now?

He's probably trying to get whining EAs off his back, because he doesn't want to put IRs down any more...

He's giving them a dose of their own mantra.

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From the same article:

"... so I think the picture of the housing market is a stable housing market."

Hmmm.. Is Mervyn trying to talk up the market now?

Give the guy a break: he wants an easy life and I can't see how wildly oscillating assets of any flavour are gonna be conducive to him spending more time at home with the grand-kids..... so he'll try to pour oil on troubled waters. Biut it won't stop the tides....

Edited by Sledgehead

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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