Friday, Dec 08, 2006

Halifax index sees strong growth in housing market, but predicts slowdown

The Telegraph: Average house price rises to 188,000

The average house in Britain is now worth 188,000, according to figures released today.
Homeowners saw their properties increase in value by 1.7 per cent in November, taking annual price inflation to 9.6 per cent, a survey by the Halifax said.

Posted by jellycaster @ 01:04 PM (479 views)
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3 Comments

1. tyrellcorporation said...

Thanks Jelly... ;)

Friday, December 8, 2006 01:54PM Report Comment
 

2. Davros said...

It's the usual talk of a strong economy, rising employment and lack of supply. How much of these contribute to rising prices though is open to debate. One things for sure, anyone who thinks that these factors explain a trebling of house prices over 10 years is deluding themselves.

Incidentally, despite the talk of the 'fundamentals' supporting the market, we've had year on year changes of annual house price inflation of up to -17% over the last 10 years. It should be clear that a swing to negative territory is certainly not out of the question. It'd be interesting to see how much the 'fundamentals' support the market then.

Friday, December 8, 2006 03:05PM Report Comment
 

3. Nohpc said...

A lot of the trebling of prices over years was playing catchup to the crash in the early 90s. If you draw a straight line between the points it looks a lot more sustainable. Yes the market will crash at some point in the next 50 years and then it will catch up again.

Friday, December 8, 2006 10:32PM Report Comment
 

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