Jump to content
House Price Crash Forum
Sign in to follow this  
Killer Bunny

The Economist - Regular Review Of Worldwide Housing Mkts

Recommended Posts

In my own experience the UK is way above 236%. In fact I think we are looking at more like 280%.

I bought my latest house in 1997 for £85,500 and sold it in 2004 for £205,000 (I'm now renting!).

And this excluded the last few years HPI.

Any other similar examples out there?

Share this post


Link to post
Share on other sites

And also the figures shown on my graph of house price rises (shown below) taken from the Natiowide figures gives 344%.

So quite where the economist are getting their figures is anyones guess, but they are totally different!!!!

Share this post


Link to post
Share on other sites
And also the figures shown on my graph of house price rises (shown below) taken from the Natiowide figures gives 344%.

That's a good graph. It clearly shows house prices need to fall by approximately 50% to be in line with the long term average.

Share this post


Link to post
Share on other sites
Where did you get the data for the graph?

Average UK income - http://measuringworth.com/ukcompare/

Nationwide - http://www.nationwide.co.uk/hpi/

And I apologise, my 324% above should have been 224%, so the Economist is actually about spot on.

But yes, it does show that a 50% drop is needed to bring them back to historic averages, and indeed to a comfortable multiple of wages.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.