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Halifax Figures Out Today

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Get in!!! That's twice this year's rent paid + interest (although asking price drops have been closer to 15% around here).

Ditto.

On course for -20% by Xmas.

Denial is turning to fear & panic very rapidly...

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12.5% down yoy next month with just a modest fall of 1.5%.

Because August 07 was the Halifax peak, it'll be harder to get the yoy falls to be a lot higher.

But then anything's possible because 'it's different this time'.

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Check out the key facts ............

Key facts

• House prices fell by 1.7% in July. This was smaller than the falls in both the previous two months – May (-2.5%) and June (-1.9%).

The UK average price is more than one-third higher (34%) than five years ago. :rolleyes: The average price in July 2008, at £177,351, was £44,980 higher than in July 2003 when the average price was £132,371.

• House prices in July were 8.8% lower on an annual basis. UK average prices have returned to the level they were at in June 2006.

• The housing market is underpinned by a solid employment market and low interest rates. :lol:

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i make proper yoy drop 11.15% - 199600 -11.15% = 177351 i.e. last 12 months, not including july 07 (which would make it 13 months.)

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Get in!!! That's twice this year's rent paid + interest (although asking price drops have been closer to 15% around here).

More than 4 years rent for me paid by an annual -10.9%.

Thank you landlord, much appreciated.

VMR.

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12.5% down yoy next month with just a modest fall of 1.5%.

Because August 07 was the Halifax peak, it'll be harder to get the yoy falls to be a lot higher.

But then anything's possible because 'it's different this time'.

Then the measure becomes fall from peak then surely....

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http://thecrownblogspot.blogspot.com/2008/...-july-2008.html

The true yearly drop is 10.8% on a seasonally adjusted basis. July 2007 average house price was £198,936 against £177,351 for July 2008.

The last 12 months has seen the biggest falls ever from the Halifax. The previous biggest 12 month fall was in October 1992 of -8.5%

House prices have fallen 11.15% from the peak in August 2007 11 months ago. It took from May 1989 to September 1992 for house price to fall 9.65% that is 41 months.

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  • 399 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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