Friday, May 2, 2008

Survey already cited from a few other sources

Halifax confirms house price fall

"According to the Halifax's figures, prices have fallen by 4.2% in the first four months of the year. If that rate of decline continues for the rest of 2008 then the annual fall in prices will be nearly 13% by the end of the year. ". I'm thinking that the rate of decline is more likely to INCREASE than 'continue', Potentially off 20% YoY by January 2008?

Posted by doom&gloom @ 11:03 AM (468 views)
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2 thoughts on “Survey already cited from a few other sources

  • Tayaramecanici says:

    The Halifax figure is an avg number. Considering a large number of transactions take place in and around london, IMO london would or is likely to see lower price drops and the areas other than london will and are likely to witness huge price drops going fwd.

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  • The BBC figures aren’t quite pessimistic enough. The Halifax index figure has gone from 638.4 in January to 611.8 in April. That is a 4.2% drop in three months, which if it continues for the whole year would be a drop of 15.7%. It is the largest quarterly drop since the series began in 1983.

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