Halifax August - 1.8% yoy -10.9%

mystic_trev

http://newsvote.bbc.co.uk/1/hi/business/7597520.stm

HBOS link

http://www.hbosplc.com/economy/includes/04_09_08_HousePriceIndexAugust.pdf

fatpig_2

Good news. Just another 20-25% to go now. :T

Paul_N_4

Really 12.7% YoY. Nice to see Sky News see through this and report the 12.7%. Surprise, surprise the BBC prefers to report 10.9%. :rolleyes:

oldMcDonald

mystic_trev wrote: »

http://newsvote.bbc.co.uk/1/hi/business/7597520.stm

Over on HPC they are saying that if you don't faff about with seasonal adjustments etc. etc., and just compare August 2007 with August 2008, you get a fall of 12.7pc year on year.

oldMcDonald

Ah, PaulN, you got in there whilst I was still typing!

*edit - Do Sky usually report the 'real' YOY figs ?

Treadmill

Crikey... only another 65% to go and I'll be in negative equity

Edale

The scary figure is if you look at the decline for the last six months and annualise it. If the pace continues then I reckon this gives a decline of over 22%.

Treadmill

Edale wrote: »

The scary figure is if you look at the decline for the last six months and annualise it. If the pace continues then I reckon this gives a decline of over 22%.

Even scarier if you work it out over 5 years... All property will be worthless lol

ultra10

"Biggest ever" drop in house prices

http://news.sky.com/skynews/Home/Business/House-Prices-Drop-By-127-Per-Cent-In-The-Year-To-August-According-To-Halifax-Figures/Article/200809115092852?lpos=Business_3&lid=ARTICLE_15092852_House%2BPrices%2BDrop%2BBy%2B12.7%2BPer%2BCent%2BIn%2BThe%2B%2BYear%2BTo%2BAugust%252C%2BAccording%2BTo%2BHalifax%2BFigures

ginvzt

The drop is about -11.7% since January 2008! It is a lot, and it is scary!!!!!

Actually, this result is comparing the current prices with the peak prices last year (August 2007), according to Halifax!!!

ultra10

Biggest ever link too