Friday, 5 December 2008

UK house prices - down 19 percent

Forget those dubious seasonal adjustments, the raw data from the Halifax shows a 19 percent fall in house prices. All the capital gains since March 2005 are now wiped out.

Sorry, it took so long to get the chart out.


Mark Wadsworth said...

Good. That means that we are about a third of the way to normal prices again, on basis of prices-to-incomes. Two more years to go and I'm buying again.

Anonymous said...

Mark Wadsworth: "on basis of prices-to-incomes."

How long before incomes start to fall?

Anonymous said...

Dear Alice,

Could you change to a chart that starts at the year 2002?

Thank you in advance.


Alice Cook said...


I might post a chart going back to 2002, just for you. In general I prefer 2005, I think it is better to keep the series quite short.

As I said, I will post a 2002 chart for you sometime over the next couple of days.


Anonymous said...

Dear Alice,

You don't have to do it right now, but it would be nice that you use a 2002 chart from now on.

Thank you for your effort.


Anonymous said...

I like from 1952, RPI adjusted :)

B. in C.