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Housing Downturn
How the housing downturn will affect movers, renters homwowners and buyers

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Whether you're a homeowner, renting, or hoping to get onto the property ladder, the housing downturn will have an effect. Choose the article that best describes your situation:

 

 › A renter


A first-time buyer


A homeowner


Thinking of moving

 

 

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The fall of the house price

  • September 2007 - house prices begin to their decline after the Northern rock crisis
  • February 2008 - house prices fall 2.5% in just one month (Halifax)
  • April 2008 - first year on year fall for 12 years (Nationwide)
  • July 2008 - mortgage approvals down 71% on the previous year (Bank of England)
  • August 2008 - house prices fall 10.5% in a year (Nationwide)

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