Wednesday, October 1, 2008

Did I Hear Houseprices?

Thursday preview: Marks & Spencer, Ted Baker, house prices

The house price survey from the Nationwide building society (LSE: POB.L - news) is likely to provoke the customary bout of hand-wringing from house owners, most of whom are still living in houses that are worth more than they paid for them. Nationwide's August survey showed the first double-digit percentage monthly fall since 1990, with house prices down 10.5%. The collapse in house prices does not seem to be benefiting first time buyers much, judging by Bank of England figures for August, which showed net mortgage lending plunged to a worst ever £143m, less than 5% of the £3bn lent in July and just 2% of the figure for the same time last year.

Posted by mark @ 03:23 PM (795 views)
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4 thoughts on “Did I Hear Houseprices?

  • mark wadsworth says:

    Yes but WHEN will Nationwide September report be out?

    We have all got sidetracked with this bail out nonsense, I need some good wholesome Price Crash Porn!!!

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  • mark w

    I understand your concern (and enthusiasm) but can be really trust such an obvious VI to come up with realistic hard figures?

    Is there no independent source? silly question

    Are they regulated? probably another silly question

    Is it not like using land registry figures that are distorted by cash back deals etc?

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  • “customary bout of hand wringing” – yes indeed. It was an interminable bout of backslapping for such a long time. I love this stuff – bring it on.

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  • justwatching says:

    Does the article imply it come out tomorrow?

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