Halifax: House prices -3.1% in April

Graham_Devon

Biggest monthly fall since September 2010.

Noise and all that. But a big swing whichever way you look at it.

http://www.cityam.com/285417/halifax-uk-house-prices-tumbled-31-per-cent-april-property

HAMISH_MCTAVISH

Might be the start of something, might not....

From the article you linked to....

In the last three months to April, house prices were up 2.2 per cent compared to the same three months last year

With the usual caveats re monthly noise, local variations, etc.

mayonnaise

With the economy slowly grinding to a halt (Q1/18 +0.1% :eek:), I don't expect house prices to go anywhere else but down.

AG47

The perms prop bulls used to be saying it's slowing down,

Well it more than just slowing down down, 3%+ falls and gaining momentum on a slippery slope.

Interest rates going back up, and cash strapped governments looking to tax property more nd more

Doesn't look good for the perma prop bulls

bobbymotors

We're all doomed. ask crashy. Houses that were £500,000 in January will be £125,000 by next January.

There will be no crash. There will be up and downs. There my even be bigger downs than ups in the future: but no crash, not unless you're crashy.

triathlon

Graham_Devon wrote: »

Biggest monthly fall since September 2010.

Noise and all that. But a big swing whichever way you look at it.

http://www.cityam.com/285417/halifax-uk-house-prices-tumbled-31-per-cent-april-property

Selective posting, and how many times have Halifax shown a fall in monthly figures since 2010, less than the fingers on your hand I bet. And how many times a yearly fall, NONE.
OK, i can see things flat lining for a few months, maybe all of 2018, but it will take off again in 2019, see wage growth is now bigger than inflation, things are just getting better.

Koldweather1

In all fairness Triathlon it was a large drop, 2nd biggest since the last 'crash'. However it means little on its own, could just as easily see a 1.5 rise next month as a 1.5 drop.

Longer term, I think prices are going to be pegged to wage inflation, unless the govt change policy one way or the other. Interest rate rises will probably also hold things back but not to the extent it in itself causes a Crash like the HPC crew pray.