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    • Former MSE Helen
    • By Former MSE Helen 6th Mar 12, 8:51 AM
    • 2,324Posts
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    Former MSE Helen
    MSE News: Halifax: House prices down last month but flat over the year
    • #1
    • 6th Mar 12, 8:51 AM
    MSE News: Halifax: House prices down last month but flat over the year 6th Mar 12 at 8:51 AM
    This is the discussion thread for the following MSE News Story:

    "The average UK house price slipped 0.5% in February but is at broadly the same level as last spring ..."

Page 1
    • sprouty76
    • By sprouty76 6th Mar 12, 9:28 AM
    • 18 Posts
    • 16 Thanks
    sprouty76
    • #2
    • 6th Mar 12, 9:28 AM
    • #2
    • 6th Mar 12, 9:28 AM
    The headline in the report itself begins with:

    "Annual change: -1.9%"

    Is that what they mean when they say "broadly the same level as last spring"?
    • brit1234
    • By brit1234 6th Mar 12, 7:38 PM
    • 5,191 Posts
    • 11,968 Thanks
    brit1234
    • #3
    • 6th Mar 12, 7:38 PM
    • #3
    • 6th Mar 12, 7:38 PM
    That's a further 1.9% fall on top of the previous years falls and top of that inflation has been around 5% making the real falls even bigger.

    Over the last 2 years I have learned that flat and stagnation is media term for house price falls.

    With mortgage rates going up, stamp duty back and unemployment rising 2012 is going to be a bad year for house flippers.



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    • leitmotif
    • By leitmotif 7th Mar 12, 9:39 AM
    • 300 Posts
    • 159 Thanks
    leitmotif
    • #4
    • 7th Mar 12, 9:39 AM
    • #4
    • 7th Mar 12, 9:39 AM
    Even if house prices fall considerably I won't be buying one here. Round my way (Portsmouth) I can get a poky 2-bedroom terraced house in a grotty area for 170K-190K (6-7 times national average annual salary, I believe). My kids will have to go to poor schools and I'll never get the car parked, and even if I do it will likely get vandalised.

    Alternatively I can go to Germany and for the same money buy a 4-bedroom detached house in a very nice area with excellent local school and better health care. And when my kids get to university age, their education will be nigh on free, as opposed to 9K/annum over here. Housing shortage or not, it still never ceases to amaze me what Brits are willing to pay for what amounts to a box.
    Last edited by leitmotif; 07-03-2012 at 9:41 AM.
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