UK house prices down 1.2% in September
According to the Halifax index, UK house prices have been down 1.2% in September, with an annualized decline of 12.4% in the last quarter. It looks a given that house prices in UK have come down at least 10% from the peak, the question is where will they stop?
I think the earnings ratio might give […]
Length of real estate bear market
There was an interesting table on the FT last Saturday that reported the length and extension of house prices drop (the bear market) in 15 economies since 1970 (mainly Europe, USA + Japan, Korean, New Zealand and Canada).
On Average, the bear market has lasted 6+ years, and the prices dropped between 16% (Canada) and 50% […]
Nestoria - smart house search
Nestoria is a vertical search engine focused on real estate with operations in UK and Spain. Founded by a few Spaniards -amongst which friend and former top dog for Yahoo Search Europe Javier Etxebeste- it aggregates information and data from other vertical engines and estate agencies, properly and smartly aggregate and present in a pleasant […]
UK house bubble bursts
An interesting article on this week Economist drives the attention on a few points with regard to the UK house bubble:
the previous downturn lasted for almost a decade
Halifax index (down 2.5% in March) is late recording the real market conditions. It registers prices when mortgages are agreed, which is a few weeks later to when […]
UK house prices drop 2.5% in March
Well, it appears that even UK house prices follow the law of gravity. This is not really big news, as anybody that has studied a little bit the history of markets knows that what goes up has eventually to go down. It happened many times before, and it is happening now. Every time, before happening, […]