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I've Just Voted Ukip
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Chickens Roosting - Barratt "dream Homes" Scheme Screwed Up My Life
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Paying Off Their Mortgage Is Wasted When House Value Collapsed Because Council Scheme To Sell Neighbouring Homes For £1
    Linda and George Hunter became mortgage free around 15 years ago...

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Latest: House Price Crash News

Sunday, Apr 26 2015 Add a News Blog Article

New landlord 'mansion tax' marks fresh attack on buy-to-let

Telegraph: New landlord 'mansion tax' marks fresh attack on buy-to-let

Anti-landlord sentiments expressed by politicians across the sector have raised fears of a further crackdown by the next government – whatever form it takes.

Posted by cornishman @ 09:43 AM 0 Comments

Plans against Rachmanism

BBC: Election 2015: Labour plan to stop 'massive' rent increases

Since my own experiment in renting ended with a 30% rent increase, because the landlord decided he "could make more money from two flats" (as reported in a Parliamentary enquiry) I like this idea. I think the Conservatives have the words investment and speculation muddled in their response. p.s. It seems very quiet on here these days. I wonder if it is the clam before the storm.

Posted by tenyearstogetmymoneyback @ 06:55 AM 2 Comments

How about a genuinely radical housing policy – a free market

Telegraph: How about a genuinely radical housing policy – a free market

The housing market has been distorted for decades by one government after another. From great waves of council house building in the immediate post-war years, to tax relief on mortgage interest payments, to sell-offs of state housing, to keeping property taxes low, and restrictions on building in the most popular areas, fix has been piled upon fix until a functioning market has just about ceased to exist.

Posted by cornishman @ 08:48 AM 9 Comments

The productivity crisis in the Uk has at its heart the Land Market

FT: Capital and labour are already deregulated, now is the time for land

The FT's Lead Editorial has a swingeing indictment of the problems facing the UK, which has been forgotten in the charade of our election commentary. The fundamental issue to this is the Land (and Housing) market. We need cheaper homes and a free land market to stimulate enterprise and development and as the FT recognises the only way to do this properly is to introduce a Land Value Tax. The UK productivity crisis is the worst in the developed world and is masking the so called 'jobs miracle'.

Posted by pete green @ 08:34 AM 5 Comments

China doesnt look so good

Bloomberg: China Sees First Bond Default by State Firm With Tianwei

China’s corporate debt is the highest in the world, former central bank adviser Yu Yongding wrote in the official China Daily last week. Companies had $14.2 trillion in debt at the end of 2013, exceeding every other country including the U.S

Posted by mark @ 11:55 AM 5 Comments

House of cards ?

BBC: China property developer Kaisa defaults on overseas debt

Kaisa Group has become the first Chinese property developer to default on its overseas debt, which is estimated to be about $2.5bn (£1.7bn).

Posted by mark @ 11:05 AM 1 Comments

Uk to be 60s retro hellholes

Dailymail: 260 tower blocks to be built in london

I think I will call the top.of the market! What a farce and total lack of imagination

Posted by taffee @ 09:13 AM 16 Comments

Estate Agents rifling through your drawers

Evening Standard: Sacked estate agent caught on camera

How rife is all this rifling? More than you'd realise. This is what happens when you leave your home unattended during viewings. What would you do if you caught agents on tape rifling through your knickers?

Posted by debtserf @ 08:38 PM 0 Comments

Closing the loopholes that allow people to avoid privately collected fees for state school places...

Daily Mail: Siblings will no longer be given priority for school places as competition grows because of booming population Read more: http://www.dailymail.co.uk/news/article-3041481/Siblings-no-longer-given-priority-school-places-competition-grows-booming-population.

"A spokesman for the council said: 'A lot of people are getting school places then moving miles away, in some cases cashing in on house prices while retaining the school place. Siblings then get priority over children living closer to the school. The consultation was drawn up because parents were getting upset about this.'" What a sad indictment that the de facto private collection of entrance fees for state schools by landlords and house sellers is not challenged. There is more than enough rent in most school areas to be publicly collected and used to fund the school, instead of the poorest working households chipping in for millionaires-only primaries.

Posted by mombers @ 05:54 PM 8 Comments

I am seeing this myself, anyone who can fog a mirror can borrow !! No checks needed.

Telegraph: Risky mortgages are back on the rise

Risky mortgages are back on the rise, just months after the Bank of England capped home loans, as bank profit margins are squeezed by a glut of supply and falling housing demand. Figures from the Bank of England published on Wednesday showed that, while mortgages had become less available to borrowers with deposits of 25pc or more, those worth more than 90pc of the property’s value had risen for the first time in nine months. Looks like the markets into sucker territory, that's 6 to 18 months before a flat out price collapse, followed by a banking panic and the rest.

Posted by khards @ 04:45 PM 1 Comments

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House Price Statistics - UK National

Source website Period covered Average
house price
Monthly change
(%)
Annual change
(%)
Archive /Graph Peak average
house price
Change since
peak (%)
Official releases
Communities and Local Government House Price Index Feb 15 £268,000 N/A 7.20 Tick£274,000
(Aug 14)
2.1914/04/2015
LSL Property Services/Acadametrics Mar 15 £275,123 0.20 5.60 Cross£280,733
(Nov 14)
2.0017/04/2015 (PDF)
Halifax House Price Index Mar 15 £192,970 0.40 8.10 Tick£199,770
(Aug 07)
3.4009/04/2015 (PDF)
Home.co.uk (England and Wales) Apr 15 N/A 0.90 6.50 Cross N/A N/A 14/04/2015 (PDF)
Hometrack - Monthly National Survey Sep 14 N/A 0.00 0.00 Cross N/A N/A 26/09/2014
Land Registry Monthly Report 29/08/15 Feb 15 £180,252 0.50 6.50 Tick£186,045
(Jan 08)
3.1127/03/2015 (PDF)
Nationwide House Price Index Mar 15 £189,454 0.10 5.10 TickThis monthN/A02/04/2015 (PDF)
Rightmove House Price Index Mar 15 £281,752 1.00 5.40 TickThis monthN/A16/03/2015 (PDF)

House Price Statistics - Greater London

Source website Period covered Average
house price
Monthly
change (%)
Quarterly
change (%)
Annual change
(%)
Archive /Graph Peak average
house price
Change since
peak (%)
Official releases
Communities and Local Government House Price Index Feb 15 £490,000 N/A N/A 9.40 Tick£514,000
(Jul 14)
4.6714/04/2015
Halifax House Price Index Q4 14 £356,054 N/A N/A 14.50 CrossThis quarterN/A08/01/2015 (PDF)
Land Registry Monthly Report 29/08/15 Feb 15 £463,872 0.60 N/A 13.10 TickThis monthN/A27/03/2015 (PDF)
Nationwide House Price Index Q1 15 £408,780 N/A 1.00 12.70 CrossThis quarterN/A02/04/2015 (PDF)
Rightmove House Price Index Mar 15 £580,308 0.40 N/A 5.50 Tick£601,180
(Nov 14)
3.4716/03/2015 (PDF)

Archive of old house price surveys

House Price Predictions

If you have discovered other or revised predictions that you'd like added to this list then send an email to us with all the information for each column and also a link to a website that contains the information so that we can verify the data.

This table is now sorted by the date that the prediction was made.

Source website Analyst Photo Date prediction made Amount predicted Region Time Period Evidence Notes
RICSN/AN/ADec 2013 8%UK2014Tick
This growth is being driven by the acute imbalance between burgeoning buyer demand and sluggish supply with new instructions to estate agents close to stagnating.
RICSN/AN/ADec 2013 11%London2014Tick
It remains to be seen what impact the recently announced increase in capital gains tax for overseas vendors will have on the prime central London market.
National Housing FederationDavid OrrPhoto of David OrrDec 2013 35%UK2013-2020Tick
House prices will increase by another 35% by 2020, leaving a huge swathe of the population locked out of home ownership for life.
Knight FrankLiam BaileyN/AMar 2011 6%UK2012Tick
Knight FrankLiam BaileyN/AMar 2011 6%UK2011Tick
Knight FrankLiam BaileyN/AMar 2011 8.8%UK2013Tick
Knight FrankLiam BaileyN/AMar 2011 5.8%UK2014Tick
Knight FrankLiam BaileyN/AMar 2011 4.9%UK2015Tick
Jonathan DavisN/AOct 2010 40-50 % UK2007-2013Tick
New forecast set at Oct 10. Given historical reference, bank failures, credit restrictions and global economic recession.
IHS Global InsightHoward ArcherPhoto of Howard ArcherSep 2010 10%UK2010-2011Tick
We suspect that house prices could fall by around 10% between now and the end of 2011. Much will obviously depend on how well the economy holds up as the fiscal squeeze increasingly kicks in, mortgage availability and the amount of houses coming on to the market.
Jones Lang LaSalleJames ThomasPhoto of James ThomasAug 2010 3.9%UK2010Tick
"During the remainder of 2010, JLL expects a decline of 3.9 per cent on current price levels, reducing the value of the average UK property by £6,500."
CEBRN/AN/AAug 2010 4%UK2010Tick
"The Centre For Economics And Business Research (CEBR) said prices will increase 4 per cent this year and continue rising until 2014, mainly due to a shortage of homes in the UK and low interest rates."
NIESRN/AN/AJul 2010 8%UK2010-2015Tick
"The National Institute of Economic and Social Research (NIESR) claims that prices will fall, in real terms, by about eight per cent."
Capital Economics Ltd.N/AN/AJul 2010 23%UK2010-2012Tick
"UK house prices will fall through 2012 as the deepest public-spending cuts since World War II and tighter credit conditions deter potential buyers."
Knight FrankLiam BaileyN/ADec 2009 3%UK2010Tick
Knight Frank predicts that a continuing growth in unemployment, allied to wage freezes and tax rises, and a rise in average mortgage rates will force a number of sales which, in the absence of greater depth of demand, will see prices slipping back.
Jones Lang LaSalleJames ThomasPhoto of James ThomasSep 2009 7%UK2010Tick
Jones Lang LaSalle's latest UK Residential Market Forecast predicts this market revival is likely to be unsustainable and a fall in prices of -7% on average is likely during 2010.
CluttonsThomas GroundsN/AFeb 2009 9%UK2009Tick
Cluttons predict that house prices will fall by nine per cent this year and by 1.5 per cent next year, with a peak-to-trough decline of 24 per cent.
CluttonsThomas GroundsN/AFeb 2009 1.5%UK2010Tick
House prices will fall by nine per cent this year and by 1.5 per cent next year, with a peak-to-trough decline of 24 per cent
CluttonsThomas GroundsN/AFeb 2009 11%London2009Tick
In Central London, Cluttons predict that prices will fall by 11.0 per cent this year but will see a marginal growth of one per cent in 2010, putting the peak-to-trough decline at 29 per cent.
CluttonsThomas GroundsN/AFeb 2009 1%London2010Tick
In Central London, Cluttons predict that prices will fall by 11.0 per cent this year but will see a marginal growth of one per cent in 2010, putting the peak-to-trough decline at 29 per cent.
Market OracleAndrew ButterN/AJan 2009 33%UK2007-2012Tick
For Nationwide Index; updates forecast of 35% to 40% drop (peak to trough) done in Sept 07, reason now low long term interest rates will hold prices up until bottom in 2012.
Market OracleNadeem WalayatN/AJan 2009 36%UK2007-2011Tick
For Halifax Index updates; forecast of 15% drop for 08 done in August 07, bottom 2011.
IHS Global InsightHoward ArcherPhoto of Howard ArcherOct 2008 15%UK2009Tick
Global insight have further revised down their house price forecasts to show a fall of 15% in 2009.
NationwideGraham BealePhoto of Graham BealeSep 2008 25%UK2008-2010Tick
Nationwide CEO Graham Beale expects a 25% decline between 2008-2010 in UK housing market before any signs of a recovery.
Jonathan DavisN/ASep 2008 40-50 % UK2007-2011Tick
New forecast set at Sep 08. Given historical reference, global bank failures,credit restrictions and economic recession.
brightsale.co.ukJeremy HowardN/AAug 2008 0%UK2008-2009Tick
New research from BrightSale suggests that prices do not have much further to fall to bring them back to long-term equilibrium
Lloyds TSBEric DanielsPhoto of Eric DanielsJul 2008 5%UK2009Tick
Lloyds predict a further 5% fall for 2009 on top of their 10-15% fall prediction for 2008.
National Housing FederationDavid OrrPhoto of David OrrJul 2008 25%UK2008-2013Tick
National Housing Federation predicts that the average house price in England will rise by 25 per cent over the next five years to reach £274,700, despite fears of a housing market crash.
DeloitteRoger BootlePhoto of Roger BootleJul 2008 33%UK2008-2010Tick
Deloitte now expect UK house prices to fall by about a third by the end of 2010 with severe adverse effects on household spending and investment.
SavillsJeremy HelsbyN/AJul 2008 25%London2008-2009Tick
The chief executive of Savills forecast house prices in London to fall 25 per cent by the end of next year.
GMOJeremy GranthamN/AJul 2008 50%UKNot statedTick
Jeremy Grantham of GMO, the $126-bn US investment fund, notes that UK house prices "could easily decline 50% from the peak, and at that lower level they would still be higher than they were in 1997 as a multiple of income!"
Capital EconomicsRoger BootlePhoto of Roger BootleJun 2008 35%UK2008-2010Tick
Revised forecast: House prices may fall up to 35pc over the next three years, Capital Economics has warned, in one of the bleakest forecasts yet for the UK's property market.
Jones Lang LaSalleJames ThomasPhoto of James ThomasMay 2008 1-3 % UK2009Tick
Minor falls predicted for 2009.
Jones Lang LaSalleJames ThomasPhoto of James ThomasMay 2008 7-9 % UK2010-2013Tick
Jones Lang LaSalle expect slow growth from 2010-2013.
Morgan StanleyDavid MilesPhoto of David MilesMar 2008 20%UK2008-2009Tick
David Miles, chief UK economist at Morgan Stanley predicts that house prices will fall by up to 20% over the next two years.
Numis SecuritiesJames HamiltonN/AMar 2008 30%UKNot statedTick
James states that "UK property prices remain 44% over valued we expect them to go to a discount to fair value." (44% over-valuation would result in a 30.55% price drop)
Boom Bust Fred HarrisonPhoto of Fred HarrisonJan 2008 30%UK2008-2012Tick
Fred Harrison predicted a drop of 20% in his book Boom Bust (2005) but he now believes the drop will be around 30%.
London School of EconomicsJohn Van ReenenPhoto of John Van ReenenJan 2008 20%UK2008-2009Tick
John Van Reenen, expected prices to fall 20% before bouncing back but he doesn't state a time period for this prediction.
London School of EconomicsWillem BuiterN/AJan 2008 30%UK2008-2009Tick
Mr Buiter says that on average, lower house prices don't make UK consumers worse off. They lose as owners but gain as renters.
Gordon is a MoronDr Vernon ColemanPhoto of Dr Vernon ColemanAug 2007 50%UKNot statedTick
Dr Vernon Coleman Predicts a 50% House Price Crash in his book "Gordon is a moron".

Predictions archive