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Phones4U To Close 550 Stores
link to follow     Phones 4u is to go into administration – pl...

Norfolk Council Self Build Planning Policies
Not really a house price related thread - but definitely East Anglia based. ...

Report 'endies' Struggling In London - Guardian
  Employed with No Disposable Income are struggling in London, anyone surp...

Quick Resturants Paris Own By The State
Bit shocked that the British have been privatising everything, yet our euro part...

Fake Offers And Misleading Advertising
I put in a good cash offer on a property last week. The agent suddenly...

Bank Of England Promoting Bitcoin
This is starting to get rather weird.........   Carney's new Chief Cashier ...

Investors Pull £17Bn From Uk As Banks Ratchet Up Scottish Independence Pressure
    Net flows out of Britain hit $27.3bn (£16.8bn) in August, ...

Aberdeen Teachers Asked To House Probationary Teachers Due To Cost Of Housing
...

Anyone Heard Of Buy2Letcars?
  I can't understand how funding a depreciating asset can return a 33% gai...

The Problems Created By The Economic Depression In Italy Are Mounting
Shaun Richards 12/9/14 'A week and a day ago the European Central Bank announced...

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Latest: House Price Crash News

Monday, Sep 15 2014 Add a News Blog Article

Ah yes, house prices are still going to go up forever ... right?

The Telegraph: Investors pull £17bn from UK at fastest pace since financial crisis

[...] “Sterling outflows have been an issue since the end of June, but they really gathered pace in August,” said Michael Howell, managing director of CrossBorder Capital, who compiled the index of UK financial investment. The report shows that inflows have “effectively collapsed”, said Mr Howell, adding that only Japan is now seeing money being pulled out of the country at a faster rate. [...] Please ignore the sanctions/exodus of Russian money, the slow-down in China, the OECD tax haven crackdown, the possibility Scotland might leave the UK which might leave the EU & that money is being pulled from the UK in massive amounts and UK living standards are poorer than many other cheaper countries. London property is going to double in the next three weeks regardless.

Posted by sneaker @ 02:20 PM 2 Comments

Cost of bank renting about to increase!

Guardian: Bank of England boss: interest rates will rise months before wages do

The Bank of England's governor, Mark Carney, has warned trade union members that they face higher interest rates next spring before they receive rises in real wages. Speaking at the annual meeting of the Trades Union Congress on Tuesday, Carney said interest rates could start to climb from their record low of 0.5% in early 2015, while above-inflation pay rises were not expected before summer at the earliest. He added that in order to claw back wages that have declined in real terms since the recession, workers will need to improve their productivity, upgrade their skills and work more effectively.

Posted by khards @ 04:19 PM 19 Comments

Looks like a scam, sounds like a scam...

Money Observer: Prime central London property fund approved for Nisa wrappers

Nisa investors looking for a more rewarding low-risk home than cash for their £15,000 allowance can now get exposure to the prime central London residential property market, through the latest collective fund to be launched by London Central Portfolio (LCP). The company specialises in purchasing, upgrading and letting out prime London flats. London Central Apartments II (LCA II) - the fourth closed-ended, fixed-term central London property fund it has launched - is aiming to raise around £100 million in subscriptions. The fund is targeting a return of 12 per cent a year. On a £15,000 investment that amounts to a tax-free payout of £12,150 at the end of a five-year term - an 81 per cent return over the period.

Posted by khards @ 09:24 PM 5 Comments

If it sounds too good to be true ....

Guardian: Scottish independence: don't be fooled by Alec Salmond's protestations of friendship

Talk is cheap. Actions speak louder than words. "But his image has, for me, been tarnished in the past two years by the shameful way in which, as illustrated in a recent Panorama, over the heads of local planners and against local opinion, he "called in" the decision to approve Donald Trump's arrogant golf complex plan on the Aberdeenshire coast in an area of special scientific sensitivity, riding roughshod over environmental concerns."

Posted by doomwatch @ 11:38 AM 8 Comments

Scottish split a part of a cycle of war

Armstrong Economics: Scottish Vote Scares London

Armstrong suggests that this is part of a general trend towards separatist movements across Europe due to failed economics. He also blames Westminster for suggesting that Scotland is incapable of self rule, thus emboldening the nationalists. Where he is wrong, is suggesting that Scotland is conservative. Most conservative Scots moved to England long ago.

Posted by libertas @ 11:19 PM 0 Comments

May i have my £600k back now for that cr@ppy 2 bed flat lying empty in London please....

Daily Telegraph: Britain faces storm as giant global investors awaken to break-up dangers

Powerful investors across the world have woken up to the possibility that Scotland may vote to break up the United Kingdom, with some already preparing defensive action that risks a potentially dangerous flight from sterling and Britain’s bond market. "Asian investors are flabbergasted by the sight of an ancient and successful union tearing itself apart for no obvious reason"...... “Asia has suddenly come alive to this, and people are asking a lot of questions,”

Posted by tom101 @ 06:23 PM 1 Comments

Where do I even start?

Torygraph: Landlords are entrepreneurs who should be encouraged

Entrepreneurs create something. Your average landlord buys an existing asset and tries to avoid spending any money on maintenance. Government supplies a steady stream of revenue via Housing Benefit, which pushes up rents. They also push costs down through FLS, QE, etc, which have no effect on rents, which just march up with wages. This guy has to be kidding.

Posted by mombers @ 05:54 PM 0 Comments

Looks like house prices are about to go down

Fool.co.uk: Why J Sainsbury plc Is A Better Investment Than Bricks And Mortar Right Now

I suspect (and to be frank, hope) that house prices have finally peaked. Property already takes up too much of our time and money, which could be put to more productive use elsewhere. More buyers are pulling out of home purchases as banks tighten mortgage standards following the Mortgage Market Review, the recent regulatory overhaul, and borrowers fear the price rally is coming to an end. And a slew of recent data suggests house price growth is grinding to a halt, especially in London, where homeowners are taking their profits and be investing them in the Home Counties.

Posted by mark @ 10:08 AM 9 Comments

Applying for a mortgage

TurnKey Mortgages: The House buying process, part 3

Applying for a mortgage is a crucial step in the house buying process, and one that you should approach with care.

Posted by amelia @ 09:08 AM 1 Comments

Finding your new home

TurnKey Mortgages: The House buying process, part 2

Finding a house to buy is not as easy as Phil and Kirstie make it look! You have a lot of considerations: location, price, number of bedrooms required, and style of property to name a few. Sometimes (no, scratch that – nearly always), compromises have to be made. The trick is to make sure that you and your family are happy with these compromises. Furthermore, if you are looking for something unusual or require something special, then you may have to spend longer looking for somewhere suitable.

Posted by amelia @ 09:07 AM 1 Comments

View More News Posts >>

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