Friday, December 8, 2006

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

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 (508 views)
Please complete the required fields.



3 thoughts on “Halifax index sees strong growth in housing market, but predicts slowdown

  • tyrellcorporation says:

    Thanks Jelly… 😉

    Reply
    Please complete the required fields.



  • 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.

    Reply
    Please complete the required fields.



  • 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.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>