Thursday, July 26, 2007

July: the tipping point

House price rises slow to 15-month low

"House price growth stalled in July, bringing annual price growth down to single digits and resuming an underlying downward trend..." So, if prices rose only 0.1% this month, and the growth rate is resuming it's downward trend, that means that next month we will get what? Correct, 'negative price growth'...

Posted by andrew t @ 01:55 PM (523 views)
Please complete the required fields.



6 thoughts on “July: the tipping point

  • dohousescrashinthewoods says:

    “Neative price growth”, which is sort of like the negative price falls we’ve had until recently, only different.

    “Shock: house prices fall by -0.1%!”

    ha ha ha 🙂

    Reply
    Please complete the required fields.



  • How are the figures calculated? Is this another recent dodgy average in which 90% of properties went down in price and a few London mansions went up by 20%. How awful it would be if they went down by 0.1%. You could just picture the faces in the Channel 4 and BBC property production departments.

    Reply
    Please complete the required fields.



  • Yeah, the number of articles that are titled ‘house prices fall’, and your heart races and you read the details, and oh look, it’s only the rate of growth that has fallen. Hopefully now we get some proper price falls!
    Heh, -0.1% next month is probably true, but psychologically even that might be enough to get the ball rolling in our favour.

    Reply
    Please complete the required fields.



  • You have to wait for the land registry
    that is the only transparent statistics around

    Reply
    Please complete the required fields.



  • I love it when a plan comes together.

    Kirsty at Channel 4, and all the others who like to play there part in splurging utter crap, read it and weep. You can only keep the truth hidden for so long and then it eventually comes to the surface.

    Reply
    Please complete the required fields.



  • This is that “dead stop” I was harping about coming through into the figures.

    The VIs will have to work really really hard to counter this one.

    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>