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Hbos Says House Prices Dropped 0.4% In Jan

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"U.K. House Prices Dropped 0.4% in January, HBOS Plc Says

2006-02-09 03:04 (New York)

By Craig Stirling

Feb. 9 (Bloomberg) -- U.K. house prices fell in January

for the first month in eight, HBOS Plc said, a sign the rebound

in the country's $6 trillion property market may be stalling.

Prices fell 0.4 percent to an average of 170,833 pounds

($297,677), adjusted for seasonal swings, the U.K.'s biggest

mortgage lender said in a Regulatory News Service statement

today. The annual rate of house-price inflation remained at 5.1

percent for a second month."

Lets see what the "spring bounce" does THIS year Friends.

JP.

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"U.K. House Prices Dropped 0.4% in January, HBOS Plc Says

2006-02-09 03:04 (New York)

By Craig Stirling

Feb. 9 (Bloomberg) -- U.K. house prices fell in January

for the first month in eight, HBOS Plc said, a sign the rebound

in the country's $6 trillion property market may be stalling.

Prices fell 0.4 percent to an average of 170,833 pounds

($297,677), adjusted for seasonal swings, the U.K.'s biggest

mortgage lender said in a Regulatory News Service statement

today. The annual rate of house-price inflation remained at 5.1

percent for a second month."

Lets see what the "spring bounce" does THIS year Friends.

JP.

.4% annualised is nearly 5% - crash speed! great stuff. come on ulster/scotland, chill out and embrace the crash...

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.4% annualised is nearly 5% - crash speed! great stuff. come on ulster/scotland, chill out and embrace the crash...

Ulster includes 3 counties in the Republic of Ireland, so strictly they wouldn't be included in the stats. It would be great if they were affected also, as it might start the spread into the Republic..... :)

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Has anyone else noticed that the non-seasonally adjusted average house price fell by about 1.6% last month to £166,744. This is less than a 2% increase on the July 2004 figure!! and appears to be in line with the Land Registry figures, which have risen by only 1.8% since September 2004.

This is by no means a crash but considering the FTSE went up by nearly that much today I'd be upset if all my money had been tied up in property over the last year and a bit.

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house prices will be up tomorrow to show the public that they didn't really need an IR decrease anyway - house prices will never go down anyhow.

Bull? Troll? or hilarious ironicist?

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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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