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Randall Herbert

"its All So Different This Time, Don't Worry!"

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For those of you who are new to this forum and haven't navigated to this item yet, worth a read:

UK House Prices: Past CrashesUK House Prices: Past Crashes

1988 - HISTORICAL NEWS REPORTS ON HOUSE PRICES

1988

The Times

TUE 05 JAN 1988

Big house price increases on way out, says Woolwich

The Woolwich Building Society said yesterday that this year could be the last

year of excessive house price increases as the growth of real disposable income

begins to fall. The society said that there was plenty of mortgage money about

to help buyer...

The Times

SAT 09 JAN 1988

First time buyers hold key: House prices

A fall in demand by first time buyers because they cannot afford the price of

London property could lead to a slowing down in house price inflation towards

the end of the year, the Halifax Building Society said yesterday. In London the

number of firs...

The Sunday Times

SUN 10 JAN 1988

Property: New moves set for the home front - Prices will sit quietly at t he eye

of a housing storm set to rampage through 1988

THE YEAR ahead will reveal some of the most sweeping changes in the field of

housing that the country has seen since the end of the first world war when the

Homes For Heroes ideal was born and slum clearance and council housing began to

spread across...

The Times

TUE 19 JAN 1988

Slow sellers push up house prices

The reluctance of house owners to sell is causing a shortgage of supply which

could push up property prices, the Royal Institution of Chartered Surveyors says

in its survey for the quarter to the end of December, published today. There is

a general s...

The Sunday Times

SUN 07 FEB 1988

Travel (Cruising): Tips that add to the price tag - House rules

AMERICANS just love to tip; the British hate the whole embarrassing procedure.

Of all the cultural differences between us, this one comes closest to explaining

why Americans have taken to cruising holidays so enthusiastically while the

British regard...

The Sunday Times

SUN 07 FEB 1988

Property: When pay can't tip the house price scale

MORE THAN half the men working full-time and 80% of full-time working women in

London earn less than the amount needed to buy the cheapest houses in the

capital, according to a report from the London Research Centre. Using government

earnings figures...

The Times

FRI 12 FEB 1988

Business Roundup: Rising house prices push Ward up 49

Ward Holdings, the Kent property developer which has benefited from booming

house prices, the completion of the M25 and the prospect that the Channel Tunnel

will swell demand for property in Kent, has reported another sharp rise in

profits, with last...

The Times

WED 17 FEB 1988

Special Report on Thetford (7): Built-in problems of house-price rises

The boom has brought rising house prices, by Norfolk standards. Prices rose by

30 per cent last year and as more and more people want to live in the town,

including those wishing to retire there, the forecast for this year is a further

25 per cent. ...

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

THU 10 MAR 1988

Rising house prices lift property group to 4 million pounds

An improving sales mix combined with rising house prices boosted pretax profits

at Federated Housing from Pounds 2.5 million to Pounds 4.4 million in the year

to December 1987. Average selling prices were Pounds 60,000, compared with

Pounds 47, 000 d...

The Times

SAT 19 MAR 1988

Out and About: Elegance at a price - Bristol's Georgian House Museum

Bristol's Georgian House Museum gives a fascinating glimpse of life in England's

most elegant era. Despite the best endeavours of the Luftwaffe and the planning

authorities, Bristol still has a great deal of its history above ground, in the

form of a...

The Times

TUE 05 APR 1988

House price rises slow in London

Rising house prices in areas surrounding London appear to have helped to take

the pressure off prices in the capital, which last year rose by 28.9 per cent.

In the past three months the rise in Greater London was only 3.5 per cent, less

than the nati...

The Sunday Times

SUN 10 APR 1988

Personal Finance: House price gap widens

THE house-price boom has boosted wealth in London and southeast England by

Pounds 39 billion since 1984, while the northwest and Scotland are poorer by

Pounds 18 billion, according to a recent study by Tom McRae, professor of

finance at the Universit...

The Times

FRI 06 MAY 1988

North-South gap on house prices 'is set to narrow'

The North-South gap on house prices has reached its peak and will begin to

narrow as towns in the North catch up with their expensive counterparts in the

South, a report published yesterday by Black Horse Relocation said. One of the

main reasons is t...

The Sunday Times

SUN 08 MAY 1988

Poll tax will boost house prices

A POLL tax will sent house prices rocketing by an average of 20% across the

country, according to two new independent studies, write David Hughes and

Christopher Smallwood. The forecast, which is four times higher than the

government's own prediction...

The Times

FRI 20 MAY 1988

House prices up 50%; Norwich; Focus

One inevitable side-effect of Norwich's having joined the south-east economic

boom is a sharp rise in house prices. According to Arnold Son & Hockley, a firm

of chartered surveyors, there have been increases of up to 50 per cent in the

last year alo...

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

SAT 28 MAY 1988

30m pound house price surprises agents; The Holme in Regent's Park

The Kuwaiti owner of The Holme in Regent's Park, London, one of the most

expensive houses in the country, is intending to sell the house quietly, having

spent three years restoring it under the supervision of the Crown Estate

Commissioners and making...

The Times

MON 13 JUN 1988

Poll tax may lift house prices 20%

The Government's planned community charge will push up house prices sharply,

according to a report published today. The report, written by Mr Peter Spencer,

a former Treasury economist now with the securities house Credit Suisse First

Boston, says th...

The Times

TUE 28 JUN 1988

Builders appeal for more land as house prices soar again

Britain's housebuilders appealed yesterday for more land to be released as

estate agents and council planners provided yet more evidence of a booming

market. Mr Alan Cherry, president of the House-Builders Federation, expressed

``grave concern'' that...

The Times

SAT 02 JUL 1988

House-rich;House prices;Family Money

Soon no area of the country will be immune from ``rampaging'' house-price

increases, says the Royal Institution of Chartered Surveyors. The institution

says that more than half of the 188 estate agents who contributed to its survey

of prices for the...

The Times

THU 07 JUL 1988

Rising house prices may send inflation through the roof

If the weather or the prospect of in terminable delays at airports are not

enough to depress you, you might like to try the balance of payments (in

deepening deficit) or the rate of inflation (rising). I would choose inflation

because it is more top...

The Times

FRI 29 JUL 1988

Action on gazumping;House prices

The professions involved in house transfer have set up their own working party

to consider estate agency and issues including gazumping. The working party,

initiated by Mr Michael Clark, former president of the Royal Institution of

Chartered Surveyor...

The Times

MON 01 AUG 1988

House price boom `to end next year'

The house price boom will end next year after peaking on increases of 25 to 30

per cent this year, but prices are unlikely to fall in real terms. The strongest

influence in dampening prices will be the gradual slowing of real personal

disposable inc...

The Times

FRI 05 AUG 1988

House price rises may be past peak

House price rises may have peaked after increasing by 28per cent throughout

Britain in a year, the Halifax Building Society said yesterday. Many regions had

seen prices rise by more than 40per cent in the year to last month, with

property in East An...

The Times

THU 11 AUG 1988

English rushing to buy Scots homes;House prices in Scotland are soaring

House prices in many parts of Scotland are soaring with so-called ``blue chip''

properties in Edinburgh and country houses in Perthshire and the Borders

recording spectacular rises. Many houses, such as Georgian apartments in

Edinburgh's New Town, ar...

The Times

FRI 12 AUG 1988

Rising house prices `holding back firms in the South-east'

Rising house prices and a lack of rented accommodation in London and the

South-east is retarding companies' growth, according to the Confederation of

British Industry. Many companies are spending big sums to attract workers from

regions where housing...

The Times

SAT 20 AUG 1988

Hebden Bridge riding high thanks to trains

The little town of Hebden Bridge in West Yorkshire, which achieved an unhappy

prominence in the 1970s, is now enjoying a housing price boom. Long-distance

commuters to London have been lured by relatively near fast rail links to the

South. The town ...

The Sunday Times

SUN 21 AUG 1988

Let the nation retire to Dungloation;House Prices

''I DON'T give a damn how much your house is worth'' is one of the more graphic

T-shirts now doing the rounds. I sympathise. The house-price spiral must be

outright winner as most tedious conversation topic of 1988. Throughout the land,

people ar...

The Times

TUE 06 SEP 1988

House price inflation 'is likely to fall sharply' next year

House price inflation will fall sharply next year, the Halifax Building Society

predicted in its latest survey published yesterday. Figures from the Halifax

last month showed house prices had risen nationally by an annual 30.7 per cent.

However, it ...

The Times

SAT 17 SEP 1988

Country house prices `to rise further'

Country house prices in Britain have risen by 33 per cent so far this year and

are likely to increase further this autumn, according to Savills, the estate

agents. A report on country properties at the middle and top end of the market

shows that fore...

The Sunday Times

SUN 18 SEP 1988

Place your bets on house prices

DINNER-PARTY pundits who like to predict house prices can now back their

forecasts without buying a single property. IG Index, a specialist financial

bookmaker which takes bets on everything from pork-belly futures to the FT-SE

100 index, tomorrow i...

The Times

SAT 24 SEP 1988

Jitters on house prices

If you have your minds on higher things such as a 13 per cent mortgage rate I

bring tidings of great joy. Interest rates will be down by January, private

investors will be venturing back into the stock market in 18 months, and we

shall all be wonderi...

The Times

SAT 24 SEP 1988

Jitters on house prices;Fall on the way, say the experts

House prices in London and the South-East are actually about to fall. After

months in which the pundits have been warning of a slow-down in house price

rises, the latest round of mortgage increases that has boosted loan rates to

12.75 per cent, 13 p...

The Sunday Times

SUN 25 SEP 1988

House prices slow rapidly

RISING mortgage rates are bad news for the property market. Many sellers a re

not going to get the prices they would have got for their homes a few months

ago. ``For sale'' boards are reappearing in areas where they had almost become

museum pieces....

The Times

TUE 27 SEP 1988

House prices

House prices are a deeply religious issue, estate agents greedy and sinful, and

building bungalows should be banned, according to a Devon rector . The Rev Barry

Swift, of Axminster, says pensioners buying retirement homes at inflated prices

are drivi...

The Times

TUE 11 OCT 1988

Pilgrim share price leaps on confirmation of offer

Williams Holdings yesterday confirmed stock market speculation by launching an

agreed Pounds 330 million bid for Pilgrim House, the electrical, electronic and

fire protection group. The fast-growing industrial conglomerate, built up by Mr

Nigel Rudd ...

The Times

WED 19 OCT 1988

Students pay price of housing shortage

A corner where Mr Stuart Cromer keeps his high-fi was used until last summer by

a number of dipsomaniacs, glue sniffers and punk rockers of no fixed abode as a

lavatory. ``When we started disinfecting the walls and pulling up the carpet we

found that...

The Times

SAT 29 OCT 1988

Long distance season tickets go up by 21%

The increase in fares is bound to have a dampening effect on house price

increases in the middle distance commuter areas, according to local estate

agents . Ipswich has become increasingly popular as a commuter town recently,

and by early this year p...

The Sunday Times

SUN 30 OCT 1988

Holding the key to cut-price pleasure

JENNY BUDDEN, her husband Alan and two children have been swapping their

400-year-old cottage near Haslemere in Surrey for the past 10 years. ``I

wouldn't consider going on holiday any other way. Instead of going to resorts,

where everyone's a tour...

The Times

SAT 05 NOV 1988

House prices crumble

The great house-price halt is under way and London and the South-East are in the

vanguard. The Halifax Building society reports that prices in these regions did

not rise during October, although house prices in other areas continued to rise.

The ave...

The Sunday Times

SUN 06 NOV 1988

House prices will languish until incomes catch up

THE house-price boom is over and that's official. Statistics published by the

Halifax building society last week reveal that price rises throughout the

southern half of England have come to a halt. Indeed, with an average zero

increase during Octobe...

The Times

SAT 03 DEC 1988

Prices subside as Nigel puts his house in order

The first ``success'' of the tight monetary policy of the Chancellor, Mr Nigel

Lawson, is in the housing market where the boom in prices is already passing

into history. Mortgage rates will go up again in January in response to the

latest increase i...

The Times

WED 07 DEC 1988

Housing slows

The rise in house prices is likely to slow to less than 5per cent by the end of

next year, the Halifax Building Society forecast in its latest survey, published

yesterday. The Halifax house price index showed prices increased nationally by

1.7 per ce...

The Sunday Times

SUN 11 DEC 1988

Exodus as Londoners are blitzed by house prices

RECORD house prices are encouraging people to leave London and the southea st at

a rate not seen since the blitz of the second world war. About 100,000 more

people will leave the southeast this year than will move into the region,

according to a stud... 1989 - HISTORICAL NEWS REPORTS ON HOUSE PRICES

1989

The Sunday Times

SUN 01 JAN 1989

Falling prices put couples in two-home trap;House-buying;North-south divided

BARRIE and Sandra Grossman bought the house of their dreams in June. But six

months later they are thinking about selling it, having never moved in, their

hopes shattered by the slump in the property market. Their old home remains

unsold, while inte...

The Times

TUE 03 JAN 1989

Agents optimistic about house prices

A leading national firm of estate agents believes a collapse in the property

market in 1989 is highly unlikely. Strutt and Parker has completed a review of

1988 trends, dominated by panic buying in the summer, then a London-led slowdown

in the last q...

The Times

FRI 06 JAN 1989

Shortage of teachers in Essex linked to soaring house prices

Essex faces a chronic shortages of teachers because of soaring house prices,

according to a survey by the National Association of Schoolmasters/Union of

Women Teachers. Eight per cent of teachers are moving from the Basildon and

mid-Essex area to ot...

The Times

WED 11 JAN 1989

A realistic new year;House prices;Residential Property

The owner of a two-bedroom flat in St John's Wood, London, was advised by an

estate agent last summer to offer it at Pounds 170,000. After five months of

frustration he has asked Roy Brooks to find a buyer at the considerably lower

price of Pounds 1...

The Times

WED 08 FEB 1989

House prices `set to fall everywhere'

House prices will fall by between 10 and 20 per cent over the next two years,

and the housing market may remain weak for some time after that, according to

two bank reports out today. Morgan Grenfell, the merchant bank, says in Housing

Slump - the Ne...

The Sunday Times

SUN 26 FEB 1989

Pounds 800,000 price on house Turner painted;Property

Living in a Turner painting may be a novel experience, but it is also rather

expensive. This magnificent Georgian house in Barnes, left, which was painted by

Turner in 1826, is little changed, though houses have mushroomed around it

and...

The Times

MON 06 MAR 1989

House prices recover

House prices, suffering from the effects of interest rate increases, showed a

slight recovery in February, rising by 1.6 per cent, compared with a fall of 0.8

per cent in January, Halifax Building Society reports today. The index shows

that over the...

The Times

WED 08 MAR 1989

Agents forecast up to 20% rise in house prices near route;Channel tunnel rail

link

Property prices in Kent in areas within reach of stations on the Channel tunnel

rail link are likely to rise by 10 to 20 per cent because of improved access to

London the line will bring, according to estate agents in the county. They

believe that th...

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 Times

FRI 24 MAR 1989

Priced-out families `need help';Housing

Increasing pressure for rural housing to be used as second, retirement and

commuter homes is destroying the fabric of traditional village life, a report

out yesterday says. The resulting conflict of interests between the local

population and the infl...

The Times

WED 29 MAR 1989

House trend bucked;Quarterly prices

Property in the north of England is showing steady price increases against the

trend elsewhere, according to the Halifax Building Society. The average

quarterly price change is zero, varying from falls of 5 per cent to rises of 5

per cent. In contra...

The Times

FRI 07 APR 1989

North booms;House prices

House prices in northern areas, including the North-west, Yorkshire and

Humberside, increased by 10 per cent in the last three months compared with a

rise of only 1 per cent in the London area, the Nationwide Anglia Building

Society's new house marke...

The Times

MON 10 APR 1989

10% house price rise forecast

House prices in Britain could rise by up to 10 per cent this year, although the

South of England will see only a modest if any increase, it is predicted in a

report published today by the House Builders' Federation. Even in the South,

however, house ...

The Times

WED 12 APR 1989

Housing reverses North-South divide;House price survey

The North-South housing divide, which favoured the South last year, has been

reversed, the Halifax Building Society reports in its house price survey

yesterday. Prices took off in the South in the first quarter of last year while

the economic boom wa...

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

TUE 25 APR 1989

House owners have to cut prices to secure sale

House owners in many parts of the country are lowering the price of their homes

in order to sell them, the Royal Institution of Chartered Surveyors (RICS)

states in its survey for the quarter ending in March, published today. Of 155

agents contributi...

The Times

TUE 23 MAY 1989

High house prices

People who ask unrealistically high prices for houses are probably the main

reason for the slow property market, Mr Peter Miller, for the Royal Institution

of Chartered Surveyors, says in a comment on its latest house price survey

published today. It...

The Times

WED 07 JUN 1989

Bigger rise;House prices

UK House prices rose by 1.7per cent last month compared with 1.2per cent in

April, in spite of stagnant or falling prices in the Midlands and South, the

Halifax Building Society said yesterday. HOME NEWS

The Times

SAT 01 JUL 1989

Owners drop house prices by 20% to encourage sales

House prices are being cut by thousands of pounds to sell properties that have

been on estate agents' books since last year. Vendors, still influenced by last

summer's prices, are having to reduce asking prices by as much as 20per cent to

sell, accor...

The Times

SAT 08 JUL 1989

Quotient warning hits price;Computer software house

Shares in Quotient, the USM-quoted financial computer software house formerly

known as the CCF Group, tumbled by 17p, to 80p, as the group announced its

second profits warning. At the annual meeting in May, Mr Tim Simon, the

chairman, gave warning of...

The Times

TUE 11 JUL 1989

House prices in doldrums

House prices fell throughout the South of England in the second quarter of the

year while continuing to rise in the North and Scotland. There are signs,

however, that even there prices have reached their peak and are slowing down,

the Halifax Buildin...

The Times

TUE 25 JUL 1989

Buyers cash in by cutting their offers;House prices

Gazundering, a practice in which house-buyers put in a lower offer just before

exchanging contracts after previously agreeing a price, is becoming increasing

common, the Royal Institution of Chartered Surveyors reports in its latest house

price surve...

The Times

WED 26 JUL 1989

Tunnel line cuts price of houses;Channel tunnel

A number of properties blighted by their closeness to the Channel tunnel

terminal at Cheriton in Kent have been put up for sale at 20 per cent below

market value. The 26 properties are in the villages of Newington, Peene and

Frogholt and are being so...

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 Times

FRI 11 AUG 1989

House prices will not rise until 1991

House prices are unlikely to start rising again until 1991, according to Black

Horse Relocation, which published its annual report on the housing market

yesterday. The announcement came as the Building Societies Association announced

that 70 per cent...

The Times

FRI 18 AUG 1989

House prices could fall for some years, consultants predict

House prices are set for a long-term fall in real terms, followed by a slow

recovery in the 1990s, a firm of consultants concludes in its gloomy forecast of

the housing market, published today. In addition, a report published today by

the Building So...

The Times

TUE 22 AUG 1989

Sellers accept cut in asking prices;House prices

House sellers have accepted that they must reduce prices to find buyers, the

Royal Institution of Chartered Surveyors says in its latest house price survey,

published today. Mr Peter Miller, for the institution, said the survey showed

more stability ...

The Times

TUE 26 SEP 1989

Falls bring buyers' market to North;Housing prices

The North has now felt the ripple effect of the fall in property prices in the

rest of England and Wales, the Royal Institution of Chartered Surveyors' house

price survey reports today. Properties not realistically priced are sticking,

and in the Nor...

The Times

SAT 30 SEP 1989

House prices down by 3.8%

House prices in London fell by 3.8 per cent in the last three months, leaving

them 16 per cent lower than at the height of the property boom last year,

according to Barnard Marcus estate agents (Our Property Correspondent writes).

That drop was the s...

The Sunday Times

SUN 15 OCT 1989

House buyers to be scarce until prices reach bottom

'OF COURSE the price is coming down,'' snapped the estate agent trying to sell a

basement flat off Kensington High Street in London. ``The owners are desperate

to sell.'' But the customer, despite having seen the flat collapse from Pounds

170,000 t...

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

TUE 07 NOV 1989

House prices

House prices continued to decline in October, the Halifax Building Society said

yesterday . In its latest house price survey, the society said there was a

further deceleration in the annual rate of house price inflation in October to 7

per cent, from...

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

FRI 17 NOV 1989

House prices to recover next year

House prices are expected to reach a turning point in the third quarter of next

year after a two-year decline, Charterhouse the merchant and investment banking

group said yesterday in its annual study of the housing market. A week ago

another firm of... 1990 - HISTORICAL NEWS REPORTS ON HOUSE PRICES

1990

The Times

SAT 06 JAN 1990

Recovery forecast for house prices in market awash with loan funds

In the long run, we will all be dead, said the currently unfashionable

economist, John Maynard Keynes. The same finality cannot be applied to the

housing market, a subject close to the hearts of many weary home owners. In the

short term it has been ...

The Times

SAT 06 JAN 1990

House prices in 2% year-end fall

House prices fell by 2 per cent in the last three months of 1989, the Nationwide

Anglia Building Society reported yesterday in its annual review of the property

market. The quarterly fall was the biggest recorded by the society, while the

annual incr...

The Times

SAT 20 JAN 1990

House prices in London drop by 10%

House prices in London dropped by an average 10 per cent last year, bringing the

average price down to Pounds 86,800, the lowest since the beginning of 1988, the

London Research Centre reports in its quarterly bulletin. The largest annual

fall was in...

The Sunday Times

SUN 18 FEB 1990

House prices may fall still further

ABBEY NATIONAL's decision to increase its mortgage rate shouldn't be a surprise.

Given that base rates have been 15% for three months now, the surprise in a

sensible market should have been at how long it had taken to react. The decision

to move a f...

The Times

TUE 27 FEB 1990

Price of houses `to fall 10%'

House prices could fall another 10 per cent this year as a result of higher

mortgage rates before they begin to recover, says the Amex Bank Review. Prices

are still historically high in relation to earnings. However, house prices in

different parts ...

The Times

WED 07 MAR 1990

House prices rise but trend is down

House prices rose by 0.3 per cent last month, the first increase since last

July, the Halifax Building Society reported yesterday. But, allowing for

seasonal factors, the price trend is still downwards. The Halifax, in a survey,

said that prices nor...

The Times

FRI 09 MAR 1990

Switch to poll tax `may lift house prices 15%'

The switch from rates to poll tax could add 15 per cent to house prices

nationally, according to research by the Institute for Fiscal Studies and the

London Business School. It will also change the relative prices of houses in

different areas, resea...

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

SAT 21 APR 1990

Auction houses counsel caution on art prices

AFTER disappointing sales in London this month, Sotheby's said yesterday that it

was asking sellers to be ``realistic'' in setting reserve prices for

Impressionist and modern works to be sold at auctions in New York next month.

Both Sotheby's and Chr...

The Times

FRI 04 MAY 1990

The end of house price inflation

HOUSE price inflation has finally ended nationally, nearly two years after the

market peaked, with the latest figures from the Halifax Building Society

yesterday showing that the annual rate at the end of April was minus 0.2 per

cent. It is the firs...

The Times

SAT 05 MAY 1990

Bargain house prices found under the hammer

TO BUY a house at auction can now cost 20 per cent less than finding a similar

property through an estate agent. Auctioneers are also offering loans on the

spot. Any bargains are the result of auctioneers insisting that sellers fix

realistically low...

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 Times

TUE 19 JUN 1990

House prices

House prices are either static or falling in almost all of England and Wales,

the Royal Institution of Chartered Surveyors reports in its price survey to the

end of May. The report, confirming the continuing slump in the market, says that

45 per cent...

The Times

TUE 26 JUN 1990

Allen benefits from rise in house prices;Pre-tax profits

ALLEN, the building contractor and housebuilder, increased pre-tax profits from

Pounds 3.97 million to Pounds 4.85 million in the 12 months to April 1, its

first full year on the USM. While housebuilders further south are feeling the

pinch, Allen, ba...

The Times

WED 27 JUN 1990

Prestige houses that still exceed list price;Residential Property

The top end of the market has been a ray of hope for estate agents The Ham, a

fine house near Wantage in Oxfordshire, was given a guide price of Pounds 1.5

million when it came on to the market, through Strutt & Parker. The house sold

earlier this m...

The Sunday Times

SUN 08 JUL 1990

House prices

HOUSE PRICES over the 12 months to the end of June suffered their biggest fall

since records began in 1952, the Nationwide Anglia building society reported

last week. Prices fell on average by 5.3%, which in real (after-inflation) terms

is a drop of...

The Times

THU 12 JUL 1990

No cheer in rising house prices

There is a feeling, nothing "stronger, that the bottom of "the current house

price "cycle may have passed in the "Southeast and be fast approach"ing in the

rest of the country. The "beginnings and ends of cycles "come and go, as

unobserved as "ships...

The Times

THU 12 JUL 1990

House prices recover

SIGNS of a recovery in the housing market for the first time since the boom

ended in the summer of 1988, are charted by the Halifax Building Society in its

latest house-price survey published yesterday. For the third consecutive month

house-price inf...

The Times

THU 12 JUL 1990

Society says return of first-time buyers lifting house prices

THE return of first-time buyers, enticed partly by a wide variety of mortgage

discounts and other inducements, helped house prices to rise in June, but only

by a modest 0.3 per cent, the Halifax Building Society says in a house price

survey published...

The Times

TUE 24 JUL 1990

Housing prices static or falling

THE housing market is taking a long time to recover despite some signs of life,

the Royal Institution of Chartered Surveyors indicates in its survey for the

quarter to the end of June. Estate agents are continuing to report static or

falling prices a...

The Times

WED 08 AUG 1990

House prices continue to slide

House prices in the UK continued their slide in July, falling by 0.1 per cent on

the previous month, and they are now 1.7 per cent lower than a year ago,

according to a survey by the Halifax Building Society published yesterday. HOME

NEWS

The Times

WED 10 OCT 1990

Small rise for house prices

House prices in Britain rose slightly during September, their first increase for

three months, confirming that the slump in the south of England has levelled

out, according to the Halifax Building Society. Its survey, prepared before last

week's drop...

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 11 NOV 1990

Indicator of the Week;Halifax House Price Index

HOUSE PRICES remained depressed last month, even though the leading lenders

announced mortgage-rate cuts of nearly one percentage point. Average house

prices fell 0.8%, more than reversing a tentative rise of 0.5% shown in the

September figures. Af...

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 Sunday Times

SUN 18 NOV 1990

City `slickers' raise house prices

INVERNESS and Aberdeen have proved the two bright spots in an otherwise sluggish

Scottish property market. Increased North Sea oil-related activity has meant a

steady flow of workers into the Granite City, and the desirability of living in

Inverness-...

The Times

MON 26 NOV 1990

Increase in house prices predicted

HOUSE prices in Britain will rise by 7 per cent next year and by more than 11

per cent in 1992, followed by slower growth in 1993, statistics from the

merchant and investment banking group Charterhouse suggest. That is the

conclusion from forecasts t...

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... 1991 - HISTORICAL NEWS REPORTS ON HOUSE PRICES

1991

The Times

FRI 04 JAN 1991

House prices;London

House prices in London could rise by 3 per cent in the next six months, the

estate agent Barnard Marcus predicted in its quarterly survey of prices. HOME

NEWS

The Times

SAT 05 JAN 1991

Record fall in house prices

HOUSE prices fell by a record 10.7 per cent last year, the Nationwide Anglia

building society reported yesterday in its end-of-year survey. The figures

showing the biggest recorded annual fall and, for the last three months of 1990,

the biggest quart...

The Times

THU 10 JAN 1991

House price rises suggest a recovery

HOUSE prices in London and southwest England showed a small increase during the

last quarter of 1990, the first rise since the slump in the property market

began in the summer of 1988, the Halifax building society said yesterday. The

society's latest...

The Times

WED 16 JAN 1991

Agent fined over house price claim

AN ESTATE agent was fined Pounds 800 yesterday over a ``grossly misleading''

advertisement claiming that the price of a house had been cut by Pounds 30,000.

The case is believed to be the first brought under section three of the Consumer

Protection A...

The Times

MON 04 FEB 1991

House prices in the late 1980s are not to blame for the recession

The increase in house prices in the late 1980s was not to blame for the present

recession, according to an article in Housing Finance, the journal of the

Council of Mortgage Lenders. The article, by Jarlath Costello and Adrian Coles,

also rejects the...

The Sunday Times

SUN 10 FEB 1991

House prices `may not recover this year'

TIME could be running out for any significant increase in house prices this

year. The Abbey National, whose house-price forecast has been developed with the

London Business School, is expected to halve its previous estimate for growth.

The figures wi...

The Times

WED 06 MAR 1991

House price rises predicted this year

HOUSE prices remained almost static between January and February, indicating

that the market has finally bottomed out, the Nationwide Anglia Building Society

reported yesterday. The society's price survey found that at the end of last

month the avera...

The Times

WED 13 MAR 1991

House prices predicted to rise 66% over five years

HOUSE prices in the UK are predicted to rise by an average of 66 per cent over

the next five years as the housing market recovers from the slump through

falling inflation and interest rates. The Housing Mortgage Corporation, in its

latest house price...

The Times

SAT 30 MAR 1991

London house prices `up 0.5%'

HOUSE prices in greater London have increased in the past three months for the

first time since September 1988, the estate agent Barnard Marcus reports in a

survey to be published on Tuesday. The agent, which has 50 offices in the

region, also report...

The Times

MON 08 APR 1991

House prices are not the problem

The cult of the ``property owning democracy'' seems to be following its

high-priestess into oblivion, especially since the Chancellor smashed the Golden

Calf by abolishing higher rate tax relief on mortgages in last month's Budget.

These days, the p...

The Sunday Times

SUN 21 APR 1991

Country houses fall 15% in price

THE biggest casualties of the property slump were country houses in the home

counties and ``other southern regions'', according to Savills, the estate agency

that buys and sells houses for the rich, writes Andrew Yates. In a research

document publish...

The Times

WED 01 MAY 1991

The price is right in the housing basement

A repossessed home's worth is measured, not by estate agents' hype, but by the

price it fetches at auction, reports Michael Horsnell The bargain basement of

Britain's property market is in the grip of a new phenomenon as thousands of

repossessed home...

The Times

THU 02 MAY 1991

Residents fear fall in house prices

BR's choice of the south London route for the Channel tunnel link has stirred

strong protests from those in its path. RESIDENTS in Peckham, southeast London

reacted angrily last night to British Rail's final decision to endorse a

southerly route for ...

The Times

MON 20 MAY 1991

House prices `to rise by 2% at most'

SOME 80,000 repossessed homes will be on the market during 1991, according to

the economics team of UBS Phillips & Drew, the securities group. It says that

the properties, equivalent to a medium-sized town, will soak up demand and, with

rising unemp...

The Times

FRI 24 MAY 1991

Bank set to act on house prices

THE Governor of the Bank of England warned the Building Societies Association

conference in Glasgow that a resurgence of house price inflation would be firmly

countered by the authorities. Robin Leigh-Pemberton, who said earlier this year

he was prep...

The Times

SAT 01 JUN 1991

House price inflation

From Mr M. R. Darke Sir, Who is kidding whom? I find Robin Leigh-Pemberton's

reported remark (``Bank set to act on house prices'', May 24) to the Building

Societies Association conference commenting on house price inflation that ``with

hindsight, th...

The Times

SAT 01 JUN 1991

House price inflation

From Mr Richard Wardrop Sir, Following Mr Leigh-Pemberton's comments on house

price inflation, I am prompted to ask what plans he has to bring bank employees'

mortgage rates into line with the rest of us poor (sic) mortals? He might also

care to comm...

The Times

SAT 01 JUN 1991

Georgian furniture attracts top prices in house sale

GOOD examples of Georgian furniture prompted keen bidding when the contents of a

cliff top house at Mevagissey, Cornwall, were sold for Pounds 224,269. The sale

at the home of the late Ronald Strauss, a retired City financier, was expected

by Phillip...

The Times

TUE 04 JUN 1991

2% house price rise is biggest for year

HOUSE prices increased by 2 per cent last month compared with the previous

month, the largest monthly rise since March 1990, the Nationwide Building

Society reported yesterday in its latest ouse price index. Nationwide said the

increase followed the ...

The Sunday Times

SUN 30 JUN 1991

House price rises boost hopes in London, but recovery to be slow

LONDON'S housing market is emerging slowly from the slump, according to two

reports to be published this week. The recovery is fragile and dogged by

economic uncertainty, but prices in some areas are beginning to rise and the

number of sales has inc...

The Times

MON 08 JUL 1991

House prices `to stay static'

HOUSE prices are forecast to remain static over the next two years despite the

expected 1 per cent drop in mortgage rates before the end of the year.

Schroders, the merchant bank, estimates in its latest Economic Perspective that

on top of an expecte...

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 22 AUG 1991

House slump narrows North-South price gap

THE housing market slump has had a savage effect in the south of the country

while leaving the north relatively unscathed, narrowing the gap in prices

between the two, the Council of Mortgage Lenders reports today. Its study of the

market shows that ...

The Sunday Times

SUN 08 SEP 1991

Weekly watch on UK house prices

THE most comprehensive weekly information service on home ownership in the

United Kingdom starts today with the launch of The Sunday Times House Price

Index, compiled with Morgan Grenfell, the merchant bank. The index combines data

from the two bigge...

The Times

WED 11 SEP 1991

House prices

From Mrs Eileen Scott Sir, You report (September 3) that council-tax bills may

be higher than predicted because of an apparent miscalculation of average house

prices. The environment department is quoted as saying: ``We stand by our

figures. They t...

The Sunday Times

SUN 29 SEP 1991

House-price surge is on the way, but wait for it

PLUMMETING prices, higher earnings and mortgage rates of less than 10% have set

the stage for a housing market revival next year, when prices are expected to

rise by more than inflation. A report due to be published next month by UBS

Phillips & Drew,...

The Sunday Times

SUN 29 SEP 1991

Sunday Times House Price Index;Property

THE Sunday Times House Price Index this week publishes figures from the Halifax

building society, comparing price movements since October 1988 in the north and

southeast of England. While the southeast has suffered falls, prices have risen

in the nor...

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 Sunday Times

SUN 20 OCT 1991

House prices fall by 2% despite interest rate cut

IF statistics are to be believed, the Scottish property market is still some way

from showing signs of recovery, writes Wendy Travis. A house price index,

compiled by GA Property Services, shows a decrease of over 2% in Scottish house

prices between ...

The Times

TUE 05 NOV 1991

Maverick pays price for loans that were not safe as houses;Building socie ties

As the Town & Country Building Society sees its future `with the Woolwich',

Lindsay Cook reports on the background to the merger and assesses the outlook

for the societies The Building Societies Commission has had to steady the nerves

of building soc...

The Times

THU 21 NOV 1991

Falling house prices

House prices remain static in much of England and Wales and are still falling in

parts of the South-East, according to the latest survey from the Royal

Institution of Chartered Surveyors, published today. Seven out of ten estate

agents in the South-E...

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

WED 18 DEC 1991

Builders hit by fear of more house price falls;Stock Market

THE growing number of house repossessions and the government's attempts to halt

these depressed the construction industry. The prospect of house prices

continuing to fall for the foreseeable future caused the shares of the big

contractors, already k...

The Times

THU 19 DEC 1991

Record repossessions are keeping down house prices

The property market is being held back as repossessed houses are resold in some

areas at up to 30 per cent below their true value. Ray Clancy reports

REPOSSESSIONS are having a significant impact on the housing market, keeping

prices low in many par...

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... 1992 - HISTORICAL NEWS REPORTS ON HOUSE PRICES

1992

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...

The Times

TUE 03 MAR 1992

No let-up in house price fall

House prices fell again last month in spite of efforts by the government and

lenders to breathe life into the market, according to a Nationwide building

society survey. Figures showed prices down 1.2 per cent on the previous month,

the third consecut...

The Sunday Times

SUN 08 MAR 1992

Budget butterflies hold off a rise in house prices

HOUSE prices are still falling, and the number of sales in January slumped The

Sunday Times House Price Index this weekend shows that prices last month were

4.2% lower than in the previous February, when the property market was still

reeling from the...

The Times

WED 08 APR 1992

House prices most at risk in South-East

A FURTHER sharp drop in house prices seems likely in London and the South-East

if Labour wins the election, but the outlook for housing in the rest of the

country may depend less on tomorrow's poll than on the state elections held in

Germany last Sun...

The Times

SAT 02 MAY 1992

House prices begin to rise

HOUSE prices rose by 0.7 per cent last month, making the average cost of a home

Pounds 55,565, the Nationwide Building Society, said yesterday. The rise comes

after four months of falling prices. The last increase, of 1 per cent, occurred

in Novembe...

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 Sunday Times

SUN 10 MAY 1992

House price fall takes shine off interest rate cut

The Sunday Times Green Shoots Index, launched last month, is an attempt to

monitor the state of Britain's recovery. Each week we will note the economic

news and assign it Green Shoots points, depending on its importance. Last week's

index: +13. BLO...

The Times

TUE 02 JUN 1992

Falling house prices trap 2m borrowers

AT LEAST 278,000 first-time buyers have mortgages larger than the current values

of their properties, according to official figures from the Council of Mortgage

Lenders. A report to be published next week by UBS Phillips & Drew, the

securities house,...

The Times

THU 04 JUN 1992

House prices rise 0.4%

House prices rose by 0.4 per cent last month, the Halifax building society said.

Earlier this week, the Nationwide recorded a 0.6 per cent rise. Both lenders

have cautioned against over-optimism. The Halifax said that although prices

showed a 0.4 ...

The Sunday Times

SUN 07 JUN 1992

The way out of the house price trap

In an open letter to the bosses of Britain's five biggest mortgage lenders,

Diana Wright, Personal Finance Editor, invites them to adopt her plan for

getting the housing market moving. Dear Sirs I WONDER if you read our article

last week on the mortg...

The Sunday Times

SUN 21 JUN 1992

`Boom days gone forever' as house prices still fall

THE housing market is showing no signs of recovery and will remain depressed for

the next five years as cautious buyers adjust to new economic circumstances,

says an authoritative report to be published on Tuesday. It predicts a fall this

year of 4%...

The Times

MON 29 JUN 1992

Prices fall as auction houses chase bidders

TWO years ago a painting by Van Gogh sold for Pounds 49.7 million. Tomorrow

another work by him is being offered in London with the modest estimate of

Pounds 600,000. Nature Morte, Branche d'Amandier is admittedly small, at 91/2in

by 71/2in, but it...

The Times

FRI 03 JUL 1992

Half-price house sale

Seventy houses are to be sold at nearly half-price. The former RAF homes, above,

will be priced from about Pounds 18,000 in what estate agents hope will be a

swift sale starting in the next few weeks. The houses, on the former RAF ca...

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 26 JUL 1992

House prices continue to drop as Major studies rescue plans

THE cuts in interest rates have not worked; the mortgage rescue package has

failed; and the moratorium on stamp duty has done little to help. What can the

government try now to rescue a housing market that seems bent on

self-destruction? A report la...

The Times

TUE 28 JUL 1992

Buyers rush in for half-price houses;RAF houses in Lincolnshire

MORE than 700 buyers are competing for 70 former RAF houses in Lincolnshire that

are on sale at about half their market price. The detached and semi-detached

post-war houses, some with new roofs and PVC double-glazing, are being offered

at prices ran...

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

MON 17 AUG 1992

Price mentality holds key to housing market

As this year has passed, it has become apparent that inflation is falling, if

anything, faster than expected. But it has also become clear that the high

inflation mentality is entrenched in far more parts of the economy than just the

labour market. ...

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 m...

The Times

FRI 18 SEP 1992

Council tax based on 1991 house prices;Politics & Government

THERE will be no wholesale revaluation of the 20 million homes in England liable

for the new council tax, even if property prices continue to fall, John Redwood,

the local government minister, said yesterday. Houses would be taxed on the

basis of the...

The Times

SAT 03 OCT 1992

House prices drop 1.4% in a month

HOUSE prices fell 1.4 per cent last month when would-be homebuyers were scared

off by sharp fluctuations in interest rates as the pound dropped out of the

European exchange-rate mechanism. Last month's reduction was the largest since

October 1991, wh...

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 soared and slumped

HOUSE prices continued to rise dramatically in the South East and East Anglia

after the Crash and more steadily in the rest of the country. In the year to

October 1987, house price inflation was put at 14.5 per cent by the Halifax. In

Greater Londo...

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

MON 12 OCT 1992

Flat prices fall more than houses

FLATS are falling faster in value than houses in the property slump, with the

greatest price falls shown by two-bedroom, two-bathroom flats. While houses have

gone down by 5.6 cent over the past year, flats have fallen by 10 per cent,

according to a ...

The Sunday Times

SUN 01 NOV 1992

Granite City house price rollercoaster takes a dip

ABERDEEN's apparent immunity to the property industry's recent maladies may be

showing signs of wearing off. House prices in the city have fallen for the first

time since 1988, and the number of properties for sale has increased

substantially. Based...

The Times

WED 04 NOV 1992

House prices drop 4% in two months

HOUSE prices fell 2.7 per cent during October, according to the Nationwide, the

second largest building society. This follows the 1.4 per cent fall in prices

reported by the society for September. The figures indicate that prices, having

fallen by m...

The Times

WED 04 NOV 1992

House prices drop 4% in two months

HOUSE prices fell by 2.7 per cent last month, according to the Nationwide

building society. Since the end of August they have dropped more than 4 per

cent, figures show. The average house price has fallen more than Pounds 13,000

since autumn 1989 to...

The Sunday Times

SUN 15 NOV 1992

What price a council house with a resident Maxwell?

IF THERE is a single house bound to attract buyers even in the property slump,

it is this one. To view it you must come to a hill overlooking the dreaming

spires of Oxford, past the lodge, round the wooded drive, through the colonnade

and into Headi...

The Times

THU 19 NOV 1992

£750m buy-out unlikely to boost house prices

THE government's Pounds 750 million plan to buy up empty property is unlikely to

have much impact on the housing market. Housing associations, which are charged

by the government to spend the money, have made it clear that they are unlikely

to buy m...

The Sunday Times

SUN 22 NOV 1992

Council tax will mean new fall in house prices

THE FALL in house prices will accelerate when the council tax replaces the poll

tax next April, according to a study published today. Morgan Grenfell, the

merchant bank, says the value of houses in London and the southeast will fall by

up to 4.5% nex...

The Times

SAT 28 NOV 1992

Bank sees further year of house price pain

HOUSE prices will continue falling next year despite lower interest rates, a new

report from Charterhouse, the merchant bank, says. But the market is due for a

strong recovery in 1994 and will continue rising for the following three years,

it predic... 1

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Stunning, and what an awful lie.

The increase in house prices in the late 1980s was not to blame for the present

recession, according to an article in Housing Finance, the journal of the

Council of Mortgage Lenders. The article, by Jarlath Costello and Adrian Coles,

also rejects the...

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Brilliant. Thank you so much for posting that. It brought back vivid memories for me.

No it isn't any different this time and it won't be any different next time either.

Should be compulsory reading for all estate agents. And BTL landlords. And the CML. and Channel 4. And RICS. And Rightmove. And Kirsty whose nanny was still wiping her ar*e when all this happened .

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I'm just hanging out until TTRTR/BBB/KOC winds his way all the way down to the bottom of this thread with yet more asertions of WHY IT IS SO RIGHT TO GET A MASSIVE LOAN AROUND YOUR NECK NOW!!

Surely now is not the time to buy a property in the UK if you are in anyway vulnerable to: unemployment, a sudden jump of 0.25% in interest rates, Council tax jumps up yet another 8%, compulsary pension contributions, Heating costs go through the roof, dentist fees, petrol costs, insurance costs, credit card addiction, lack of a holiday, lack of a life......

From the above and as we all now know, it isn't any different at all this time, so why not just sit back, relax, bank your deposit and wait six months?

You know it makes sense, and guess what? The advice didn't cost you anything did it? And it won't, unlike those who would try to prop up their own falling in value "buy to let" rental property portfolios by trying to tempt vulnerable first time buyers to believe that property is ALWAYS a good investment and at any time and now at the height of the property BUBBLE is the perfect moment to buy a huge mortgage on a property that will be worth a lot less next year.

Go on! Take a drink!

Go on! Take a drink!

or perhaps not on this occasion.... :-)

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They sure knew about spin in those days, may even be worse than today. (No wait I'm sure I saw the halifax forecast a fall in those articles) :)

The Spin today is just the same so is the nature of how they predicted the passage of the Good Ship HPC89

Of course its all different this time. People know their arses from their elbows today.

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And Kirsty whose nanny was still wiping her ar*e when all this happened .

Hardly, she's 3 years older than me & I can remember most of this pretty vividly, so why does it all seem to have been erased from her memory?

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I'm just hanging out until TTRTR/BBB/KOC winds his way all the way down to the bottom of this thread with yet more asertions of WHY IT IS SO RIGHT TO GET A MASSIVE LOAN AROUND YOUR NECK NOW!!

Surely now is not the time to buy a property in the UK if you are in anyway vulnerable to: unemployment, a sudden jump of 0.25% in interest rates, Council tax jumps up yet another 8%, compulsary pension contributions, Heating costs go through the roof, dentist fees, petrol costs, insurance costs, credit card addiction, lack of a holiday, lack of a life......

From the above and as we all now know, it isn't any different at all this time, so why not just sit back, relax, bank your deposit and wait six months?

You know it makes sense, and guess what? The advice didn't cost you anything did it? And it won't, unlike those who would try to prop up their own falling in value "buy to let" rental property portfolios by trying to tempt vulnerable first time buyers to believe that property is ALWAYS a good investment and at any time and now at the height of the property BUBBLE is the perfect moment to buy a huge mortgage on a property that will be worth a lot less next year.

Go on! Take a drink!

Go on! Take a drink!

or perhaps not on this occasion.... :-)

ABSOLUTLEY AGREE WITH THE ABOVE, IDENTICAL OUTLOOK AS MYSELF,

I'M NOT PUTTING MY MONEY INTO PROPERTY, I'D RATHER SEE IT IN THE BANK AT THE MOMENT.

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"The Times

TUE 19 JAN 1988

Slow sellers push up house prices

The reluctance of house owners to sell is causing a shortgage of supply which

could push up property prices, the Royal Institution of Chartered Surveyors says

in its survey for the quarter to the end of December, published today. There is

a general s..."

The post is brilliant. History repeats itself so does the spin. The above should stand as a classic! House price increase due to inability to sell......

:blink:

This one is a classic also--its the old spring bounce trick to get buyers back into the market :

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...
Edited by Realistbear

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"The Times

TUE 19 JAN 1988

Slow sellers push up house prices

The reluctance of house owners to sell is causing a shortgage of supply which

could push up property prices, the Royal Institution of Chartered Surveyors says

in its survey for the quarter to the end of December, published today. There is

a general s..."

The post is brilliant. History repeats itself so does the spin. The above should stand as a classic! House price increase due to inability to sell......

:blink:

This one is a classic also--its the old spring bounce trick to get buyers back into the market :

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...

"An authoritative report wil forecast this week" - Blimey! where have we heard that before?

That also wouldn't be DogBoxs' source by any chance?

Are there Tetley Tea leaves involved in producing these types of reports?

WAAAAAAARHHHHHH HAAAAA HAAAH HAAAAAARRRRRR!!!!

:lol:

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Good post.

I posted a few of these historical headlines on another thread but Sam kindly reminded me 'but this is 2005'

Hmmmmm....

Certainly looks like history repeating itself.

But maybe I'm deluded.

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Excellent. Required reading for anyone who has not read these before on the site and newbies.

BUT, NOTE for all us bears, as the dates of the articles reveal, this process took 2-3 years to really get going nationally from peak and a full 5 or 6 years to reach rock bottom. And that where rates were much higher - our lower rates will prolong the downward process somewhat in my view, maybe by as much as a year. Decent national nominal falls by yr end 2006 is probably the earliest we will see nationally the true colours of this bust (but we will see (and are starting to see) plenty of regional "hotspots" marking the downtrend throughout the year until then).

For those interested in the real story of the last boom/crash, I am reposting my post from way back attaching a fantastic article on the 80s-90s UK property crash from the CML - some excellent insight and surprising data and plenty of similarities despite the VI argument about "differences". http://www.housepricecrash.co.uk/forum/ind...topic=16880&hl=

Note how late the peak was in the northern regions and Scotland (1991) and how the falls had started in earnest elsewhere wll before then. Note that unemployment was low when prices turned.

If the national figures are no longer rising/flat and yet we know certain regions are still posting quite big rises yoy, then there HAVE to be reasonable falls in other areas to give a flattish national picture.

Those who ignore the warning signs from last time about what is a leading indicator of price falls are indeed doomed to make the same mistakes.

Edited by Tempest

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  • 301 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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