Monday, April 28, 2008

Prices down 5% over last six months!?

Survey sees house price slowdown

If we take the midpoint of the Nationwide and Halifax indices as at September 2007, HPI was running at 10%-ish. If both indices are now flat y-on-y, this suggests to me that in the six months March - Sept 2007 prices went up 5%, and in the most recent six months they'd gone down 5%. The HPC seems to be getting off to a cracking start!

Posted by mark wadsworth @ 02:22 PM (752 views)
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3 thoughts on “Prices down 5% over last six months!?

  • This graph is now starting to look suspiciously tired:

    I’m quite sure the line was at 1% last month too.

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  • Mark Wadsworth says:

    Well spotted. They used it three weeks ago. I suppose they can’t bring themselves to extend the y-axis down to zero.

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  • You don’t need to go 5% on the way down to cancel out 5% on the way up 1/1.05 = 20/21 or approx 95.2% – only a 4.8% fall.

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