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The Masked Tulip

Yesterday Was A Bad Day For Property Bulls

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http://www.moneyweek.com/investments/stock-markets/the-uk-stock-market-is-getting-riskier-by-the-day-04011.aspx

The Halifax housing market index was a shocker. Prices fell by 3.6% in September from August - the worst monthly reading on record. That took the year-on-year rate of house price inflation to -0.7%. It's the first time this has been negative since October 2009.

Also, the IMF warned that UK house prices could "correct" further. I'll not say too much else about this here, as this week's issue of MoneyWeek magazine includes our latest property roundtable. Our experts give their latest views and five-year forecasts, and we've put in some new charts too. So don't miss it - subscribers can read the story here: What next for property prices? (If you're not already a subscriber, get your first three copies free here.)

All things considered, yesterday was a bad day for property bulls. As Merryn Somerset Webb says in her latest blog, Even ultra-low rates can't prop up house prices for ever.

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1) Id prefer more continual monthly declines rather than a one of low volume anamoly.

2) Moves like this upwards have occured before (ie UP 4.8% in sep 2002, 4.2% in oct 2002)

3) Its a shame HPCs halifax stats only go back to 2001 instead of 1983, the nationwide ones it has back to 1975.

http://www.housepricecrash.co.uk/indices-halifax-national.php

http://www.housepricecrash.co.uk/indices-nationwide-national-inflation.php

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Black Thursday for the BTL crew?

Yes, it is all panning out as expected. It may be that this September figure is anomolous, but fits in to a picture of the market falling. It will fall quite hard as we go through the winter with cuts and confidence in buying will wane further. It will be a war on debt and it will be painful.

The most amazing piece of news recently: THE INTENDED CHANGES TO MORTGAGE RULES FROM THE FSA, IF IMPLEMENTED IN 2005 WOULD HAVE PREVENTED 97% OF MORTGAGES TO FIRST TIME BUYERS ISSUED SINCE THEN!!

The current overpriced, economy damaging market is over. Hopefully we will now take the opportunity to support productive industry and not house prices as a way tomake a living. The remortgage and spend sessions over two massive booms in property since 1980 should never be repeated.

Edited by plummet expert

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Yes, it is all panning out as expected. It may be that this September figure is anomolous, but fits in to a picture of the market falling. It will fall quite hard as we go through the winter with cuts and confidence in buying will wane further. It will be a war on debt and it will be painful.

The most amazing piece of news recently: THE INTENDED CHANGES TO MORTGAGE RULES FROM THE FSA, IF IMPLEMENTED IN 2005 WOULD HAVE PREVENTED 97% OF MORTGAGES TO FIRST TIME BUYERS ISSUED SINCE THEN!!

The current overpriced, economy damaging market is over. Hopefully we will now take the opportunity to support productive industry and not house prices as a way tomake a living. The remortgage and spend sessions over two massive booms in property since 1980 should never be repeated.

Amen.

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1) Id prefer more continual monthly declines rather than a one of low volume anamoly.

2) Moves like this upwards have occured before (ie UP 4.8% in sep 2002, 4.2% in oct 2002)

3) Its a shame HPCs halifax stats only go back to 2001 instead of 1983, the nationwide ones it has back to 1975.

http://www.housepricecrash.co.uk/indices-halifax-national.php

http://www.housepricecrash.co.uk/indices-nationwide-national-inflation.php

Low volumes? Transactions are 11% higher than this time last year according to academetrics. Can't talk for halifax approvals though.

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  • 150 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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