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Xil

Time To Look Again At Some Old News

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Various sources should be credited with the list below but I'm quoting it from the FAQs section of HPC (link) and collation by Daddy Bear. According to its previous requoting, credit should also be given to the The Motley Fool, Property Markets and Trends discussion board.

For all the new members that have joined the HPC discussion in the recent weeks, have a look through this list of newspaper clippings. And for all recent doubters (there seem to have been a lot of people 'wobbling' lately) have another look at how the last crash unfolded.

Most importantly look at the inaccuracy of the reporting compared to the actual market activity.

Nationwide are already preparing the ground for falls because they know their figures will be reporting house price deflation in the coming months.

The Times

SAT 05 MAR 1988

House prices increase by 16.9 percent

House prices increased by 16.9 per cent in the year to the end of February, compared with 16.3 per cent to the end of January, the Halifax Building Society announced yesterday. It said this increase, which shows the property market generally has not ...

The Times

TUE 24 MAY 1988

Prices boom as property 'cauldron' bubbles; House price rises

House prices increased by up to 50per cent in the Hereford area in the past 12 months and are rising by 40per cent a year in East Anglia, estate agents report in a survey published today by the Royal Institution of Chartered Surveyors. They are examp...

The Times

WED 22 MAR 1989

Marking time;House prices in Britain

House prices in Britain are likely to stagnate this year, the Halifax Building Society said yesterday. It expects high demand in the Midlands and North but a slowing down in the South.

The Sunday Times

SUN 16 APR 1989

House prices still rise in the north;Personal Finance

HOUSE PRICES in London and southeast England have fallen during the last quarter, according to figures published by both the Halifax and the Nationwide building societies. But the fall has been tiny. Nationwide's figures show a 0.2% decrease for old...

The Times

FRI 04 AUG 1989

All house prices `may fall'

House prices throughout the country could fall next year, the Halifax Building Society says in its latest survey. It is the first Halifax price index to forecast a fall in prices. Until now, it has said prices next year would be flat. Prices are fla...

The Sunday Times

SUN 05 NOV 1989

House prices may rise next spring

BRITAIN'S depressed housing market could pick up much sooner than expected, according to a forecast to be published this week. The Morgan Grenfell bank believes the housing market has reached a point where recovery is in sight. It says rising income...

The Times

THU 09 NOV 1989

House prices 'to rise'

Property prices in London, the south-east and East Anglia will recover next year and begin to increase by about 10 per cent a year, according to Morgan Grenfell, the merchant bankers, in a report on the housing market published yesterday. The recover...

The Times

WED 04 APR 1990

10% fall forecast for house prices

HOUSE prices will fall by between eight and 10 per cent this year, according to two surveys published yesterday. In London, however, the prospect was more optimistic as prices only fell by 2.6 per cent in the first quarter. The most depressing foreca...

The Times

WED 11 APR 1990

House prices are still falling, Halifax says

HOUSE prices are either static or still falling slightly, the Halifax Building Society reported yesterday. The annual rate of house price inflation, which was more than 34 per cent a year ago, fell to zero by the end of last month, with prices unchan...

The Times

WED 06 JUN 1990

Halifax predicts prices will keep falling;Houses

THE fall in house prices is accelerating nationally and is expected to continue for the rest of this year, Britain's biggest building society reported yesterday. But a firm recovery is forecast for next year. The Halifax monthly

survey showed that p...

The Sunday Times

SUN 14 OCT 1990

House prices bottom out

THE long slide in house prices could be nearing its end. The Halifax's latest quarterly survey of the property market shows that prices in general rose by 0.5% in September, and the indications are of a definite bottoming-out. Last week's cut in the...

The Sunday Times

SUN 18 NOV 1990

House prices set to take off in spring

THE worst slump in Britain's housing market for more than a decade will end next spring, an authoritative report will forecast this week. Prices will rise by an average of 20% within two years, Lower interest rates and higher wages will combine to s...

The Times

THU 06 DEC 1990

House price inflation up

THE annual rate of house price inflation rose in November. The 0.2 per cent year-on-year increase in prices was the first recorded since February by the Halifax Building Society. In October, prices had fallen 0.4 per cent compared with a year earli...

The Times

SAT 29 DEC 1990

Two-point cut in bank rate 'could revive house prices'

A CUT in interest rates by 2 points in the next few months could signal a recovery in the housing market and an increase in house prices of 5 per cent by the end of 1991, the Halifax Building Society predicts today in its annual review of the housing...

The Times

THU 08 AUG 1991

Halifax building society revises its forecast on house prices

The Halifax building society yesterday revised its forecast of a 5 per cent increase in house prices this year. Britain's biggest building society said it now expected prices to rise by less than 3 per cent this year due to the recession and soaring...

The Times

THU 10 OCT 1991

Fall in house prices dashes market hopes

HOUSE prices fell by 0.8 per cent last month and by 1.1 per cent in the quarter to the end of September, dashing hopes that the market might show signs of recovery by the end of the year, according to figures from the Halifax Building Society yesterd...

The Times

THU 05 DEC 1991

Market weak

House prices fell by almost 1 per cent last month, confirming that the market remains "very weak", the Halifax Building Society said yesterday, publishing its latest figures. For the year ending in November prices declined by 2.4 per cent and are l...

The Times

MON 30 DEC 1991

House prices stuck 'till 1993'

THE housing market should begin to recover in the spring, but house prices are unlikely to show real gains until 1993, the Halifax Building Society says in its annual review published today. The review, prepared before the announcement of a rescue pa...

The Times

THU 06 FEB 1992

Prices of houses fall 3.6% in year

HOUSE prices fell by 1.2 per cent last month, the latest Halifax building society house price index shows. It comes after a fall of 1.3 per cent in December and means that house prices are now 3.6 per cent lower than a year ago. Although there are signs of a recovery on the way…

The Times

THU 07 MAY 1992

Lenders split on housing trends

HOUSE prices fell by 0.4 per cent in April, according to the latest Halifax house price index. The average price of a house is Pounds 60,534, 5.5 per cent lower than it was a year ago. The Halifax's figure contrasts with a 0.7 rise in prices recorde...

The Times

FRI 10 JUL 1992

House prices edge up

House prices rose 0.7 per cent last month, the Halifax building society said. The rise, it added, could be a sign that prices were stabilising. "Further recovery remains dependent on improvement in the economy and in employment prospects," a spoke...

The Sunday Times

SUN 09 AUG 1992

House-price market spirals downward towards crisis

FAR from showing even the first flickering signs of recovery, the housing market is plunging deeper into recession, with the situation, according to some experts, now rapidly moving towards crisis. Prices have already fallen longer and further in Lo...

The Times

SAT 05 SEP 1992

House prices down

House prices fell by 0.7 per cent in August, following a 0.4 per cent fall in July, according to the Halifax, the country's largest building society. Prices are 5.4 per cent lower than they were a year ago and the society predicted no upturn in the market for the foreseeable future…

The Times

FRI 09 OCT 1992

Record fall in house prices

HOUSE prices fell by at least 2.8 per cent in September, the biggest-ever monthly fall and equivalent to a one-third cut over a year. The precise figure will be issued today in the respected Halifax price index. It is understood to be at least double...

The Times

SAT 10 OCT 1992

House prices

House prices have now fallen an average 7.5 per cent over the past year, according to the Halifax price index issued yesterday. House prices fell by 3.1 per cent in September, although the seasonally adjusted index figure showed a 2.7 per cent fall....

The Times

WED 06 OCT 1993

Annual rise in house prices

HOUSE prices are now higher than they were a year ago, according to figures for September from the Halifax building society which record a 1 per cent increase on the same month last year the first annual increase in nearly three years. Prices rose 0....

The Times

THU 16 DEC 1993

House price boom predicted for 1994

HOUSE prices will rise by 19 per cent across the country next year, and by 25 per cent in the prime areas of London, according to the research department of Savills estate agent. Savills accurately predicted a fall of 8 per cent for prime central Lo...

The Times

THU 06 JAN 1994

House prices fall, says Halifax

HOUSE prices fell by 0.5 per cent last month, according to the Halifax Building Society's house price index. This contrasts with the Nationwide's experience of an 0.8 per cent rise. The Halifax says that prices rose by just 1.2 per cent for the yea...

The Times

THU 03 FEB 1994

House prices discord

House prices fell by 0.4 per cent last month, according to the Halifax Building Society. The figures conflict with those published earlier this week by the Nationwide, which said that prices rose by 0.4 per cent in January. The Halifax said yesterda...

The Times

THU 14 APR 1994

House prices show first annual rise in all areas

HOUSE prices have risen in every region during the past year, for the first time in nearly five years, the Halifax building society said yesterday. Prices in Northern Ireland are on average 9.1 per cent higher than they were a year ago, average price...

The Times

FRI 03 JUN 1994

Fears for housing recovery as prices fall

HOUSE prices fell unexpectedly by 1.6 per cent in May, fuelling fears that the shaky recovery in the housing market is faltering. The Halifax Building Society, which published its monthly house price index yesterday, said that there were "no signs of a recovery …..

The Times

TUE 04 OCT 1994

House prices fall 2.9%

House prices fell last month by 2.9 per cent, their biggest drop since October 1990, the Nationwide Building Society said yesterday. The average price of a house in September was Pounds 53,918, which was Pounds 1,617 lower than in August. But prices...

The Times

THU 02 FEB 1995

House prices

House prices in the United Kingdom fell by 0.8 per cent in January, according to the latest monthly index published yesterday by the Nationwide. The Halifax index, due out tomorrow, is expected to paint a similar picture of a flat housing market. Na...

The Sunday Times

SUN 12 FEB 1995

House prices set for a `five-year freeze'

HOUSE PRICES are set for a five-year freeze, according to a new City forecast to be published tomorrow. The report, from the investment bank Kleinwort Benson, predicts that prices in real terms will be no higher in 1999 than they were last year. Rea...

The Times

WED 05 APR 1995

House prices fall 1.5% as Halifax piles on gloom

HALIFAX, Britain's largest mortgage lender, will today add further to the misery of 10 million people with home loans when it announces that house prices fell 1.5 per cent in the 12 months to March. As well as house price gloom, the new tax year star...

The Times

WED 03 MAY 1995

Halifax reports further decline in house prices

HOMEOWNERS today receive more depressing news, with the Halifax Building Society reporting that house prices fell slightly in April for the second month in a row. This, together with figures showing weak bank mortgage lending, confirms that there is...

The Times

SAT 03 JUN 1995

Fall in house prices is accelerating says Halifax

FURTHER evidence of the ailing state of the housing market was revealed yesterday amid speculation that the Government is proposing measures to help homebuyers in negative equity. The Halifax Building Society house price index for May showed a third ...

The Times

WED 02 AUG 1995

More gloom for housing as prices keep falling

HOUSE prices fell again in July for the fifth consecutive month and are now 3.1 per cent lower than a year ago, according to the latest Halifax index published today. On the evidence to date, it appears unlikely that prices will recover at all this year or...

HALIFAX FINALLY BECOMES A BEAR

The Times

WED 11 OCT 1995

House prices falling

THE latest survey of house prices published today will paint a gloomy picture of the housing market. Prices across all regions are now 2.6 per cent lower than they were in the third quarter of last year, according to the Halifax. The latest quarterl...

RECOVERY PROBABLY STARTED OCT 1995

The Times

WED 27 DEC 1995

Halifax forecasts 2% recovery in house prices next year

THE housing market will receive a much-needed boost today from a forecast by Britain's largest mortgage lender of a 2 per cent recovery in house prices during 1996. The Halifax Building Society, in its annual housing market paper, predicts that next ...

The Times

WED 03 JAN 1996

House prices remain lower than a year ago

HOUSE prices are still much lower than they were a year ago in spite of five consecutive monthly increases, according to Britain's largest mortgage lender. The Halifax, which has more than two million borrowers, will announce today that, on an annual...

The Times

TUE 02 APR 1996

House prices rise

BRITAIN'S biggest mortgage lender will today report a March increase of 1.2 per cent in the Halifax house price index. On an annually adjusted basis, the rate of house price inflation in the UK remains positive, at 1.7 per cent, compared with just 0...

The Sunday Times

SUN 05 MAY 1996

House prices continue to rise

RISING confidence in the housing market in April helped to lift property prices for the ninth consecutive month, pushing them back to the level of two years ago. But cheaper mortgages mean homes are more affordable. According to the Halifax's monthly...

What is different this time? Absolutely nothing.

Xil.

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it's always nice to read these.

we can all take comfort in the fact that we know how the VI's are playing the game,and can plan accordingly.

I would say we are in late '89 territory at the moment,but I expect we will be dropping a good deal fasterthis time,due to the massive speculation.once the penny drops with joe publice it's going to get messy.

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I would say we are in late '89 territory at the moment,but I expect we will be dropping a good deal fasterthis time,due to the massive speculation.once the penny drops with joe publice it's going to get messy.

Agree with you Oracle but I think this Internet thing will bring it all down more quickly this time.

Last time we were waiting for monthly stories from the Halifax, Nationwide etc. This time we will have daily Internet reports of 'doom and gloom'. Imagine the happy people on the Ex-Pats and C4 forums!!!

Something like the dotcom crash - confidence will evaporate in a matter of weeks.

Xil.

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Agree with you Oracle but I think this Internet thing will bring it all down more quickly this time.

Last time we were waiting for monthly stories from the Halifax, Nationwide etc. This time we will have daily Internet reports of 'doom and gloom'. Imagine the happy people on the Ex-Pats and C4 forums!!!

Something like the dotcom crash - confidence will evaporate in a matter of weeks.

Xil.

I think something similar is on the cards.The last crash wasn't driven by greed on the way up...it was triggered by the abolition of MIRAS.

the dotcom boom WAS driven by greed and speculation,and had the equal measure of fear on the way down,so if that is any measure,then we are about to see some VERY rapid falls next year.

the trigger will be YOY negative,we know that.

and the drops will start gathering speed as BTL realises he isn't making money,or would make more if he sold up and stuck the money in the bank......the more of these there are,the more they will try to sell up,and at some point there will be a GLUT of for sale props with no takers,all falling in price as BTL turn on each other.

BTL will turn on each other and undercut one another,in order to lock in profits made,or panic sell because they are in arrears and need to sell quickly.

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Something like the dotcom crash - confidence will evaporate in a matter of weeks.

Xil.

I hope you're correct but I don't think you are. During the decline of dot com stocks you could log on to the web and see the sickening falls in real time (I have the T shirt). I just don't see any parallels.

It's just not that transparent in the housing market. There's too much spin and obfuscation. The illiquid nature of house selling makes it much harder to call the start of the crash.

This bubble has been inflated far more by the media with its inummerable money for nothing property shows than its predecessors ever were and I feel that it won't be until the media snaps its fingers and brings property dreamers back out of their trance that we will see people let go their idea that property only goes one way.

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Agree about the illiquid nature of property but as said before, now we have the internet.

It has been discussed about the lag associated with many of the stats and reports that come out - but people are talking on the internet about the state of the market in real time.

Where I work, there are 3 colleagues of mine who are trying to "move up the ladder" and are started to get very depressed that they can't sell their houses.

I am convinced that once the sentiment changes, it will unravel quicker and drop with more force that last time.

FINGERS CROSSED ;):lol:

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  • 302 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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