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Halifax -2.6% in November

Edale
Edale Posts: 246 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Debate House Prices & the Economy
According to forexfactory.com oh dear!!!
«13456789

Comments

  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Bad news for the Clown, HPC uncancelled.
  • Edale
    Edale Posts: 246 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Full report from Halifax can be found here
  • ginvzt
    ginvzt Posts: 4,878 Forumite
    1,000 Posts Combo Breaker
    You have to laugh:
    · The UK average house price is 124% higher than ten years ago. The current average price is more than £90,000 higher than in November 1998 (£73,129).
    Spring into Spring 2015 - 0.7/12lb
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    ginvzt wrote: »
    You have to laugh:

    Did you know house prices are 10000% higher than when man first walked the earth.
  • ginvzt
    ginvzt Posts: 4,878 Forumite
    1,000 Posts Combo Breaker
    ·House prices in November were 14.9% lower on an annual basis. The UK average price has returned to the level in July 2005 (£163,445).
    But, if you use monthly figures, not quarterly, the average house price fell from £195,092 to £163,605, which is more like 16.13% drop! And it also makes more than 18%since the peak in August!
    Spring into Spring 2015 - 0.7/12lb
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    ginvzt wrote: »
    But, if you use monthly figures, not quarterly, the average house price fell from £195,092 to £163,605, which is more like 16.13% drop! And it also makes more than 18%since the peak in August!

    And don't forget inflation, so thats over 20%.
  • dopester
    dopester Posts: 4,890 Forumite
    Get in !!!!!!
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    So Halifax and Nationwide are now conflicting.

    Although delayed the LR figures are going to be the most accurate. (due to the ammount of transactions for all lenders)
    The transactions these two must be basing their reports on must be so low they could be thrown very easily.
  • dopester
    dopester Posts: 4,890 Forumite
    LONDON (Reuters) - House prices fell 2.6 percent in November, taking prices down 14.9 percent in the three months to November compared with a year ago, HBOS said in its Halifax house price survey on Thursday.

    The average house price stood at 163,605 pounds, HBOS said, a level not seen since July 2005.

    Last month, Halifax said house prices fell 2.2 percent on the month in October for an annual three-month decline of 13.7 percent.
    http://uk.reuters.com/article/domesticNews/idUKTRE4B31SF20081204
    July 2005.
  • dopester
    dopester Posts: 4,890 Forumite
    Really2 wrote: »
    So Halifax and Nationwide are now conflicting.

    What do you mean? On the way up they never exactly mirrored each other either.

    You can't look at it month-on-month and draw full conclusions. Try 6 months+.

    Maybe Nationwide's December or January release with be -3% or -4%.
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