How far will Sheffield house prices drop?

[Dimitri 11 10]

Looks like we'll have to wait a bit longer for the double dip http://www.nationwide.co.uk/hpi/. There's still some hope though as the Halifax figures are out next week. However even if they point downwards it's likely the revival of the stamp duty holiday is likely to have a positive effect on prices for April. I don't think it will have a massive effect on prices as the maximum saving is only £2499 but in the short term it should provide a boost even if it's mainly to drive positive sentiment towards the market.

 

Update

 

29 April - Nationwide released their figures for April which showed a rise of 1.0%

 

30 April - Land Registry released their figures for March which showed a fall of -0.6% nationally but a rise of 0.3% in Sheffield

 

7 May - Halifax released their April index which showed a fall of -0.1%

 

1 June - Land Registry released their figures for April which showed a rise of 0.2% nationally and a rise of 0.1% in Sheffield

 

3 June - Nationwide released their May index which showed a rise of 0.5%

 

4 June - Halifax released their May index which showed a fall o -0.4%

 

28 June - Land Registry's figures for May showed a fall of -0.2% nationally and a fall of -1.0% in Sheffield

 

30 June - Nationwides June index showed a rise of 0.1%

 

8 July - Halifax's June index reported a fall of -0.6%

 

28 July - Land Registry released their June figures which showed a rise of 0.1% nationally and a rise of 0.3% in Sheffield

 

29 July - Nationwde released their July index which showed a fall of -0.5%

 

4 August - Halifax's July figures showed a rise of 0.6%

 

27 August - Land Registy released their July figures which showed a rise of 0.4% nationally and a rise of 0.2% in Sheffield

 

2 September - Nationwide's August figures showed a fall of -0.9%

 

8 September - Halifax's August figures showed a rise of 0.2%

 

28 September - Land Registry's August index showed a rise of 0.3% nationally and a fall of -0.2% in Sheffield. Currently Sheffield prices are -14.7% lower than what they were at their peak.

 

30 September - Nationwide's September index showed a rise of 0.1%

 

7 October - Halifax's September figures showed a fall of -3.6%, the biggest monthly fall since it's records began in 1983

 

28 October - Nationwide's October index shows a fall of -0.7%

 

4 November - Halifax's October figures show a rise of 1.8%

 

1 December - Nationwide's November index shows a fall of -0.3%

 

09 December - Halifax November index shows a fall of -0.1%.

Edited December 9, 2010 by Dimitri 11
Updated this instead of adding a new post