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17/08/2001
Economists fear house price bubble set to deflate
Leading economy analysts are concerned that the buoyant house prices driven by a speculative property investments market may be set to end.
The warning will strike a poignant chord with house buyers in the early 1990s who found themselves faced with massive negative equity problems when house prices plunged to below the value of the mortgage.
The report from Cambridge Econometrics claims that the sustained rise in house prices in the south east of England make a downturn in house prices increasingly likely. The report further warned that a “crisis” in the hosing market could be precipitated by a trigger factor such as higher inflation, an increase in interest rates, or a global economic slowdown.
In terms of the coming year the reports authors considered that stagnation in the London housing market could be expected as there was reduced activity in the City.
The analysis by Cambridge Econometrics revealed that the ratio of earnings to house prices in the south east region is approaching its 1988 peak. This peak preceded the last housing market collapse. (SP)
The warning will strike a poignant chord with house buyers in the early 1990s who found themselves faced with massive negative equity problems when house prices plunged to below the value of the mortgage.
The report from Cambridge Econometrics claims that the sustained rise in house prices in the south east of England make a downturn in house prices increasingly likely. The report further warned that a “crisis” in the hosing market could be precipitated by a trigger factor such as higher inflation, an increase in interest rates, or a global economic slowdown.
In terms of the coming year the reports authors considered that stagnation in the London housing market could be expected as there was reduced activity in the City.
The analysis by Cambridge Econometrics revealed that the ratio of earnings to house prices in the south east region is approaching its 1988 peak. This peak preceded the last housing market collapse. (SP)
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18 August 2009
NI Housing Recession Over?
The last two years of house price freefall may be over. Normally cautious estate agents are reporting increasing levels of inquiries now being translated into sales.
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21 November 2005
Small rise in UK house prices
According to the latest figures from the Office of the Deputy Prime Minister, house prices in September rose for the first time in six months. UK annual house price inflation in September 2005 was 3.3% up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up from 0.8% cent in August 2005.
Small rise in UK house prices
According to the latest figures from the Office of the Deputy Prime Minister, house prices in September rose for the first time in six months. UK annual house price inflation in September 2005 was 3.3% up from 2.8% in August 2005. Annual house price inflation in London was 1.9% in September 2005, up from 0.8% cent in August 2005.
04 June 2002
House price rises outstrip market forecasts
The Halifax, the UK's biggest mortgage lender, has said that house prices in May grew at a record rate. The monthly house price survey revealed that property prices grew by 4.2% in the period April to May this year. The average house price in the UK now stands at over £107,000, up 18.5% on the price of the average house this time last year.
House price rises outstrip market forecasts
The Halifax, the UK's biggest mortgage lender, has said that house prices in May grew at a record rate. The monthly house price survey revealed that property prices grew by 4.2% in the period April to May this year. The average house price in the UK now stands at over £107,000, up 18.5% on the price of the average house this time last year.
03 August 2001
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
03 January 2002
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
House price growth to slow in 2002
The property market is set to experience a slip in demand during 2002 according to leading UK mortgage lender Nationwide and a twice-yearly survey by the CBI and property advisers GVA Grimley. The Nationwide review of 2001 revealed that UK house prices grew significantly during 2001 despite the global economic slowdown.
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Northern Ireland WeatherThis Evening and Tonight:A fine end to the day with some evening sunshine. It remains mainly dry overnight with a touch of frost or fog patches possible in places. However, cloud is expected to increase towards dawn with the odd light shower. Minimum temperature 2 °C.
