Latest: House Price Crash News

Thursday, Feb 21 2019 Add a News Blog Article

Fall in the price of flats in England.

BBC News: Price of flats fell in England last year

Buy to Let offload and later FTB age, both factors

Posted by magnifico @ 02:45 PM 0 Comments

Bank exposure

WolfStreet: I’m in Awe of How Fast the Housing Markets in Sydney & Melbourne Are Coming Unglued

The australian authorities seem to be letting the house collapse get underway, but it seems that there has been the same sub-prime liar loans, false documents, interest only etc, as the USA originally, so their banking system must be heavily exposed to losses and I guess australian mortgage backed securities are no longer sound. Australian central bank doing emergency rate cuts and keeping QE a policy option. There doesn't seem to be a large observable decline in the aus dollar against gbp though I wonder why. There has been a loss against us dollar. Its a bit weird to see a genuine new one emerge. In fact i worked with an australian guy about 3 or 4 years ago and said the collapse for australia was coming and he should read steve keen. Needless to say he bought last year "at the top"

Posted by stillthinking @ 12:54 AM 1 Comments

The Big Freeze

BBC News: House price growth at near six-year low

Sentiment seems to be falling."UK house prices grew at the slowest annual rate for nearly six years in January, according to the Nationwide. The lender said price growth 'almost ground to a complete halt', with prices up by just 0.1% from a year earlier, down from a rate of 0.5% in December." There's a graph of prices changes over last decade from Halifax and Nationwide and a nice little wigdget to play with showing the different affordability rates across country.

Posted by quiet guy @ 10:04 AM 3 Comments

Mainly the same figures as the BBC article I couldn't post

Gaurdian: House Prices fall at fastest rate in Six years

I expect the RLA will be saying that landlords will have to increase rents to make up for the depreciation they are seeing on their properties.

Posted by tenyearstogetmymoneyback @ 11:49 AM 1 Comments

50% of ex council houses in London are privately rented

The Enfield Independent: Calls for Right to Buy to be axed in a bid to stop housing crisis

Councillor Nesil Caliskan, the 30 year-old council leader of the glorious republic of Enfiled has called for Right to Buy to be axed. Far too feeble in my view - in order to reverse the policy they need to be bought back into public ownership (with a 60% discount. of course). Just imagine the effect this would have on house prices.

Posted by cyril @ 08:44 AM 5 Comments

Any minute now dozy landlords will realise that their tenants have been able to afford much more!

Graniard: UK rents fall for first time in a decade

Great to see further evidence of what nonsense the rents-rising-as-costs rise is. The Residential Landlords Association is sticking to its guns though! Any minute now rents will start picking up, even faster now to catch up the unexplained lost ground... Interesting to compare cost rises in food due to sterling devaluation. Profit margins on food are low as it is a competitive market, prices had to rise when input costs rose. Supermarkets would have empty shelves if they tried to pay their suppliers the same. The boot's on the other foot for landlords though, if they try to pass on their costs they'll have empty homes. And reduced costs, e.g. plummeting mortgage interest costs, certainly didn't feed through into lower rents.

Posted by mombers @ 09:32 AM 1 Comments

Have landlords forgotten to implement threatened rent rises?

Graniard: Has the Brexit vote saved London tenants 1,800 pa in rent?

“Many landlords will have been looking to offset the government’s punitive tax regime by raising rents. However, the uncertainty surrounding Brexit has forced the vast majority to forfeit this to maintain a steady income.” Time to look at ratcheting up recurring property taxes in general now that the grown-ups' predictions of no adverse effect on prices have come to pass? ARLA et al are strangely quiet on this one. Imagine if they do manage to get the tax rise overturned, will they immediately drop rents? Luckily there's no political will to do this for the foreseeable future, who are landlords going to vote for - Corbyn?

Posted by mombers @ 10:24 AM 1 Comments

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House Price Statistics - UK National

Source website Period covered Average house price Monthly change (%) Annual change (%) Archive / Graph Peak average house price Change since peak (%) Official releases
LSL Property Services & Acadametrics (England and Wales) Jun 18 £303,960 0.20 2.10 Cross£305,654
(May 18)
0.5516/07/2018 (PDF)
Halifax House Price Index Jun 18 £225,654 0.30 1.80 Tick£227,871
(Mar 18)
0.9706/07/2018 (PDF) (England and Wales) Jul 18 £310,577 0.10 1.30 Cross N/A N/A 12/07/2018 (PDF)
Hometrack - Monthly National Survey May 18 £217,400 0.00 4.30 Cross N/A N/A 29/06/2018
Land Registry Monthly Report Apr 18 £226,906 1.20 3.90 TickThis monthN/A13/06/2018 (PDF)
Nationwide House Price Index Jun 18 £215,444 0.50 2.00 TickThis monthN/A01/06/2018 (PDF)
Rightmove House Price Index July 18 £309,191 0.10 1.40 Tick£317,281
(May 17)
2.5516/07/2018 (PDF)

House Price Statistics - Greater London

Source website Period covered Average
house price
change (%)
change (%)
Annual change
Archive /Graph Peak average
house price
Change since
peak (%)
Official releases
Land Registry Monthly Report Apr 18 £484,584 2.40 N/A 1.00 Tick£530,409
(Jan 16)
8.6413/06/2018 (PDF)
Nationwide House Price Index Q2 18 £468,845 N/A 2.30 1.90 Cross£478,782
(Q1 17)
2.0801/06/2018 (PDF)
Rightmove House Price Index July 18 £628,458 0.50 N/A 1.70 Tick£649,864
(May 17)
3.2916/07/2018 (PDF)

Archive of old house price surveys

House Price Predictions

If you have discovered other or revised predictions that you'd like added to this list then send an email to us with all the information for each column and also a link to a website that contains the information so that we can verify the data.

This table is now sorted by the date that the prediction was made.

Source website Analyst Photo Date prediction made Amount predicted Region Time Period Evidence Notes
National Housing FederationDavid OrrPhoto of David OrrDec 2013 35%UK2013-2020Tick
House prices will increase by another 35% by 2020, leaving a huge swathe of the population locked out of home ownership for life.

Predictions archive