Saturday, May 5, 2012

Psychological £160K Theshold Breached

More homeowner misery as its revealed house prices plunged by £130 EVERY day last month

Apparently its 'worrying' that house prices dropped by over £900 a week last month. The Daily Mail reveals that the Halifax Hosue Price Index has fallen below £160K with the average home now costing £159,883, down 2.4% per cent from £163,796 in March - the same level as in 2004.

Posted by enuii @ 04:16 PM (3096 views)
Please complete the required fields.



13 thoughts on “Psychological £160K Theshold Breached

  • MOM figures are unreliable. QOQ or YOY are much better and they only show a small drop,

    Reply
    Please complete the required fields.



  • Imagine the reaction when it breaches £150k and then £140k and then….

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    More homeowner and FTB joy as next purchase is proportionally lower than previous month.

    Reply
    Please complete the required fields.



  • happy mondays says:

    MOM, QQQ or YOY No worries, as long as it’s down… I would like to think with the biggest event for a long time in the UK just around the corner, this is very encouraging indeed.. Bring on 10% down in 2012 & more in 2013.. When the foreign investors stop putting there money into London or pulling out, i would like to think this will have a positive effect on the national average price..

    Reply
    Please complete the required fields.



  • happy mondays says:

    dill, i like your thinking…

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    Dill – I share your dream! We are, allegedly, back to April 2004 prices already, on average, i.e, the last 8 years were for nought, it can’t be much longer before we’re back to 10 years ago and so on.

    SBC, you beat me to it. It’s FTB and S2R joy!

    Reply
    Please complete the required fields.



  • MW,
    Up t’north perhaps, but not in London.

    Reply
    Please complete the required fields.



  • markj69 str05 says:

    On average we may be back to 2004 prices. But, i think (nowaday) there is a much larger variation between top and bottom. It’s a bit like the gap between rich and poor, underclass and overclass. And the top just isn’t moving! Somewhat bolstered by investers external to the uk.

    It would seem mr average has a lot of competition to contend with. Foreign investment, local investment, BTL, 2nd holiday homes, land banking, etc…

    The fact that the average price is 6 times avg salary says it all. Prices are too high. More houses need to be built. But that would just spoil the grand plan. Just imagine the benefits of releasing land for residential development on a huge scale. Job creation, more homes on the market. This combined with purchase restrictions to ensure mr avg does not compete with the greedy/wealthy, and the majority of the country would be happy. But, their money would remain with their families, and not be shifted to the rich and wealthy.

    IMO, thoses that can – have – manipulated planning and finance to ensure that the middle-working-lower-under classes can not afford a home. Thus becoming reliant on renting. Money to the wealthy.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    D, yes, my view on things are skewed somewhat as I live down south – however, I’m still delighted for FTBs and STRs elsewhere in the country.

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Come off it Drewster, London wasn’t immune in 2008.

    Reply
    Please complete the required fields.



  • The undeniable fact is that prices have gone down by 40k over the last 5 years.

    That equates to 154 pounds per week or 616 pounds per month, FOR 5 YEARS!

    So they can stick that in their home ownerist pipes and take a big puff of it!

    Reply
    Please complete the required fields.



  • sib’s,
    That may be true, but at present London prices are higher than they were before the “crisis”. Prime central London (not that I’m looking there) even more so.

    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>