Monday, August 13, 2012
Have house prices in your area crashed or bounced?
Have house prices in your area crashed or bounced?
Across the UK, property prices crashed in the wake of the sub-prime crisis. But in some parts of the country have made a much better recovery than others. Matthew Partridge looks at how house prices have performed in each of Britain's regions.
Posted by martingreen @ 10:50 AM (1959 views)
6 thoughts on “Have house prices in your area crashed or bounced?”
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will says:
Nationwide data was used to comply this report and they take into account CPI inflation rate. In the 1970’s, wage inflation was running at over 15% a year over several years, so until wages rise, Nationwide could well exclude CPI from their calculations. Certainly from my observations of the local ‘South West’ property market, asking prices NEVER fell by 18.1 %.
mark wadsworth says:
Ignoring inflation, prices have bounced slightly round my way, I’m sad to say.
Alex London says:
Having decided to buy my first home, I notice that in London estate agents are marketing properties at prices often 30% higher than a year ago.
Recently I had an estate agent from Bairstow Eves who refused to show me a property if I did not show proof of my finances/deposit first. He said that they now screen all the potential buyers first as they don’t want time wasters (!?!). It sounds by this arrogance, that the bubble is inflating again.
hpwatcher says:
Buoyant I would say. Not exactly surprising given UK governments obsession with keeping prices high.
greenmind says:
Local data is better than regional data, get it here: http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/houses.stm
nickb says:
@ will
Good point. Do you have an idea how the HPC graph on the homepage (also Nationwide) looks if we use some measure of disposable income instead of CPI as a deflator?
N