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UK House prices down 10.5% YoY - loads of charts

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  • UK House prices down 10.5% YoY - loads of charts

    I'm amazed no one is mentioning this. I collected a lot of info very late last night. So I'll just post it all in one go !!!

    The latest Nationwide data is just out for the UK.

    What to do if you can’t find the page you’re looking for.


    House prices 'fall 10.5% in year'
    BBC, News, BBC News, news online, world, uk, international, foreign, british, online, service

    UK house prices have seen an annual double-digit fall for the first time since 1990, according to the latest survey from the Nationwide.

    Prices were 10.5% lower in August than they were a year ago. Prices fell by 1.9% compared with July.

    The average home now costs £164,654, which is more than £19,000 cheaper than the average price one year ago.

    Gloomy forecasts from house builders mean the market is likely to remain subdued, Nationwide says.

    The Nationwide survey found that house prices have fallen for 10 months in a row and are at their lowest level since early 2006.


    Something someone on another forum did


    A very interesting watch:

    Fionnuala Earley on SKY


    Worst house prices fall for 18 years
    This is London magazine has been established for over 65 years, providing readers with information about events, exhibitions, music, concerts, theatre and dining. As life returns to normal, Londoners are heading back into the Capital and many visitors are already coming from further afield.

    The property market faces a full-scale collapse with house prices tumbling by more than 10 per cent a year for the first time since 1990.

    The average price has fallen by 10.5 per cent over the past 12 months, wiping about £30,000 off the value of a typical London home, according to the Nationwide building society.

    The last time that house price falls were measured in double digits was in the autumn of 1990 during the depths of the last recession, when it took six years for values to recover.

    The figures confirm there is still no sign of an easing of the credit crunch almost a year on from the collapse of Northern Rock.

  • #2
    Fionnuala Earley on 10.5% house price falls

    This is a classic.

    "It is just a number" !!!!! LOL