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How much have the house prices dropped since the recession..

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Does anyone know the actual figures of the drop in house prices since the recession, especially the s62 areas, what is the best web site for accurate data,

Thanks in advance..

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Drops are different all over the country - some places are still happily going up. Doubt you'll get the figures you are after on a postcode by postcode basis.

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This morning the BBC said the average house price has dropped from £180K to £160K

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Depends on the type of house as well, apparently “new build” have been the worst hit.

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I use halifax/lloyds historical house price data and compare historical GDP (I plot it out using excel),

 

The ratio gives you a good idea of whats really going on (you can seen an obvious pattern)

 

House price data:

http://www.lloydsbankinggroup.com/media/excel/2011/05_07_2011_Historic_Data.xls

 

This data is split up by region:

NORTH, YORKS. & HUMB, NORTH WEST, E. MIDLANDS, W. MIDLANDS, EAST ANGLIA, SOUTH WEST, SOUTH EAST, GR. LONDON, WALES, SCOTLAND, N. IRELAND, UK

 

You can also get quarterly data from halifax/lloyds (which will give you more up to date data)

 

Just Google "historical house price data" you should find some good free sources

Edited by Tenants

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Depends on the type of house as well, apparently “new build” have been the worst hit.

 

That's 'cos they were overpriced to start off with..

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Ours continued to go up, we sold it for the highest price ever on our street, that was last December.

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Ours continued to go up, we sold it for the highest price ever on our street, that was last December.

 

You mean 10p?

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Ours continued to go up, we sold it for the highest price ever on our street, that was last December.

 

That's probably due to the demand for cardboard increasing, due to more of it being recycled.

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That's 'cos they were overpriced to start off with..

 

Yep, those early years of a mortgage are nervous aren’t they, a program on TV today said some lenders are so nervous they are wanting up to 50% deposits on new builds.

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Does anyone know the actual figures of the drop in house prices since the recession, especially the s62 areas, what is the best web site for accurate data,

Thanks in advance..

 

If you use the Nationwide House Price Index it is quite accurate to actual sales.

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