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Telegraph: Desperate First-Time Buyers Warned Over Attempts To Use Buy-To-Let Mortgages
  Desperate buyers unable to secure an ordinary loan have tried to claw th...

Buying Is £1,300 Pa Cheaper Than Renting
Well that's according the the Halifax and their cheerleaders at the BBC:   ...

Latest Buy-To-Let Craze: Buying Rooms In Care Homes
Telegraph 22/8/14 'It’s buy-to-let, but with a special twist. You buy a r...

Landlord Fined For Renting Room That Could Only Be Entered On All Fours
  Landlord fined for renting room that could only be entered on all fo...

Only £760 A Month....
...maybe the market is levelling off     FFS ...

We Need A Higher Inflation Target
  snip......   Europe is exhibiting all the symptoms of debt deflat...

Grants Of Up To £5,000 Available For Homeowners Over 60 In Northamptonshire
    " Grants of up to £5,000 available for homeowners over 60 in...

House Prices Since 2008: Best And Worst Regions
House prices since 2008: best and worst regions Where the biggest price ris...

First Fall In Food Spending For 25 Years
i 21/8/14 'Britain is in the midst of a supermarket price war that has so far ta...

Get Your Sandwiches And Portable Chair Ready
  " Current Account Exodus At Troubled Co-op Bank The lender confirm...

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Latest: House Price Crash News

Saturday, Aug 23 2014 Add a News Blog Article

Boost for private landlords

Guardian: Leap in right-to-buy sales of council houses sparks call for reform

2,845 council houses were sold to tenants between April and June, a 31% increase on last year. 33% of these sales were in London, where discounts can go over £100k. Since the proceeds of these sales go towards building replacements such discounts leave less for that purpose. "A lot of council houses today will be in the hands of private landlords tomorrow. Fewer low-rent houses will drive low-paid people out of London" said a Green Party member of the London Assembly.

Posted by icarus @ 08:15 PM 2 Comments

Are the dominoes about to fall ?

FE Trustnet: I’m so bearish I’ve sold my house, says Cantor’s Tan

The analyst at Cantor Fitzgerald says that the global economy faces a downturn similar to 2008, and wants as little exposure as possible to risk assets as a result.China’s already overheated property market is on verge of collapse, according to Cantor Fitzgerald’s Charles Tan, who has sold his central London home and moved all his money back to Singapore in preparation for the severe repercussions on the global and UK economy.

Posted by jack c @ 10:12 AM 9 Comments

What a world!

TeleSUR: On the edge of another global recession

Roundup of the world economy. EU weakness is now concentrated in its core economies - Germany's export-driven economy, France and Italy. The usual problems - unemployment, falling wages, drying up of business investment, banks hoarding money or directing liquidity into financial assets globally - are exacerbated by sanctions against Russia and the need for bailouts for Ukraine. The usual problems are even worse in Japan. The US, which dropped the EU in it regarding Russia/Ukraine, can compensate for weak fundamentals by the dollar's hegemonic status, which enables it to get capital to flow back into the US when needed, and by military spending. China at least kept its fiscal and monetary injections at home so performs better, but global speculators are undermining its financial markets..

Posted by icarus @ 07:29 PM 3 Comments

''We in the UK have been living beyond our means for a very long time''

Mail: Osborne pockets £1bn in stamp duty bonanza as house prices soar... but Government borrowing still rises by £10bn

Between April and July stamp duty receipts soared by 25%, figures reveal But public borrowing continues to rise - up £9.4bn from 2013 to £32.4bn

Posted by hpwatcher @ 04:47 PM 2 Comments

The clue to the bubble is in the ownership

Financial Times: London among Europe’s least ‘liveable’ cities, according to index

London has become a haven for money from around the world, with at least £122bn of UK property now held by offshore companies. [...] Despite this huge demand from international buyers, London is a less attractive place to live than Detroit or Reykjavik, the EIU researchers found.

Posted by sneaker @ 08:57 AM 6 Comments

So if it's not liveability attracting people, it has to be tax or (ahem) "access"

RT (aka Russia Today: ​Worse than Detroit? London one of ‘least livable’ European cities

London’s real estate prices keep soaring and foreign cash keeps pouring in, yet the ‘world’s most influential city’ has become one of the least appealing places to live in Europe, according to new figures. Despite this huge demand from international buyers, London is a less attractive place to live than Detroit, Cleveland, Manchester or Reykjavik, the Economist Intelligence Unit’s latest “livability” ranking has found. This is despite a recent Forbes list of "The World's Most Influential Cities 2014" which ranked London as the most influential city in the world, because it attracts more than double the amount of foreign direct investment deals than New York, which came in second.

Posted by sneaker @ 07:34 AM 2 Comments

Wage Price Crash

Independent: Income for self-employed crashes 22%

The number of people who are self-employed has increased by over 730,000 in the past six years, but average income has slumped by 22 per cent, a new study has revealed. Around 4.6 million people now work for themselves, more than at any time in the past 40 years, according to the Office for National Statistics.

Posted by khards @ 08:05 PM 11 Comments

Could be a long winter

Telegraph: How August's slump in asking prices compares with the five worst monthly falls

Property data revealing the worst five months for asking prices suggests it could be a particularly bad November for sellers this year

Posted by garyb @ 08:02 PM 0 Comments

I call top.

LoveMoney: Shareamortgage.com: matchmaking for would-be homeowners

A new website aims to bring together complete strangers to pool their resources and buy a property together. But is it a good idea?

Posted by landofconfusion @ 03:09 PM 1 Comments

Growth in remortgages has outpaced purchases in July

FinancialReporter: Remortgage sees 21% surge back to action

The primary salary of remortgage applicants in July was £46,900, up by 7% year-on-year from £43,785: another sign of wealthier homeowners returning to the market in search of a better deal. Despite increased remortgage activity, the rush to lock into fixed-rate deals has slowed considerably since June, when 93.0% of remortgagers opted to fix. In July, just 89.0% of homeowners looking to remortgage chose a fixed-rate.

Posted by mountain goat @ 12:53 PM 0 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 May 14 £262,000 N/A 10.50 TickThis monthN/A15/07/2014
LSL Property Services/Acadametrics Jun 14 £268,637 0.70 9.60 CrossThis monthN/A11/07/2014 (PDF)
Halifax House Price Index Jun 14 £183,462 0.60 8.80 Tick£199,770
(Aug 07)
8.1609/07/2014 (PDF)
Home.co.uk (England and Wales) Jul 14 N/A 0.57 9.56 Cross N/A N/A 15/07/2014 (PDF)
Hometrack - Monthly National Survey Jul 14 N/A 0.10 0.00 Cross N/A N/A 25/07/2014
Land Registry Monthly Report Jun 14 £172,011 0.00 6.40 Tick£186,045
(Jan 08)
7.5428/07/2014 (PDF)
Nationwide House Price Index Jul 14 £188,949 0.10 10.60 TickThis monthN/A31/07/2014 (PDF)
Rightmove House Price Index Jul 14 £270,159 0.80 6.50 Tick£272,275
(Jun 14)
0.7821/07/2014 (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 May 14 £492,000 N/A N/A 20.10 TickThis monthN/A15/07/2014
Halifax House Price Index Q2 14 £330,315 N/A N/A 15.90 CrossThis quarterN/A04/07/2014 (PDF)
Land Registry Monthly Report Jun 14 £437,608 0.10 N/A 16.40 Tick£439,719
(May 14)
0.4828/07/2014 (PDF)
Nationwide House Price Index Q2 14 £400,404 N/A 7.60 25.80 CrossThis quarterN/A02/07/2014 (PDF)
Rightmove House Price Index Jul 14 £587,174 0.40 N/A 13.90 Tick£592,763
(May 14)
0.9421/07/2014 (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