House price fall picks up pace

This is great news! Let us hope it falls some more!!!

I really do agree with the above

I think it will I hope it will Im buying property at present that have been the best purchases i have ever had

Rents are going up with yeilds over 10%

I hope this credit crunch lasts a long time and rates stay as low as they are

apart from property that has been purchased before the crash on now on tracker rates at about 2%

All new property i buy i do buy on fixed rate of 5 years so i have balance of fixed and SVR

Ive never made as much money as i have now so im smileing all the way to the bank

If you think BTL is dead i can tell you proffesional btl landlords will make more money now than they ever have

So let the prices fall more and more

Hmmmmmm ............ major revision to the Halifax seasonality adjustment. Also figures quoted for May & June after Lloyds started offering FTB 90% LTV mortgage at 2.9% apr, which leads to the average price through their business model being very heavily diluted. Figures & trends significantly at odds with both data from BBA & BoE which shows initial approval average mortgage values across the entire market exploding upwards over the last 4 months. This tells you everything about Halifax's business & very little about the market.

Somebody shoot that really annoying dslexiikce lanndeloerd

Dont shoot her she is spot on just a lot of folks dont like the truth and she is right

@ anonymous 3

Unfortunately for you dyslexic landlord is right as always. Professional landlords are currently raking it in due to low financing costs, very high demand for rented property and (still) depressed property prices. As a landlord down South I am seeing rents rise 10% this year, yet financing costs are down 60-70% due to tracker mortgages on ultra-low interest rates. Costs generally are falling as due to the recession everything is becoming cheaper. I am making record profits. Lettings are booming. As dyslexic says, I am loving this recession. If house prices rise, that is good as I make capital growth, if house prices fall then it is a buying opportunity with higher than ever yields. For professional landlords it really is a win-win situation. Maybe you don't like the truth but that is the way it is...

Looks like the dyslexic landlord can at last afford spelling lessons.

@ Nothing better to do

Fine, insult people with disabilities if you like, but dyslexic landlord is clearly successful and you clearly are not!

...there are lies, damn lies, and halifax statistics...

i'd like to ask halifax how the headline figure quoted as 'the house price' is calculated. for instance it's not the same old house being sold over and over again is it! surely what this article calls 'the house price' is really some kind of mathematical average or other statistical construct based on lots of houses, some cheap some expensive, being bought and sold? in which case wouldn't 'the house price' go down merely because houses at the cheapest end of the market are churning faster? in other words, busy buy-to-let activity at the cheap end of the market is reported by halifax and this column, as 'the house price' falling!

what a lot of nonsence!

Well if (Big IF), The stated situation continues and BTL er's get ever more rich, for borrowing ever more cheap money and charge ever higher rents from increasingly poorer tenants, whose Housing Benefit is being rapidly withdrawn, then that's just great for the Nation and for the BTLer.

This can only happen when the printing press gets pumped up to full steam ahead, which I suspect will happen in the USA this year and the UK in 2012/3.

The resulting devaluation of the GBP will entice ever more foriegn buying which will add to the' massive sale of the nation', getting into overdrive. One day in the not too distant future it will be noticed by the insular british man in the street, and a revolution will rapidly occur. Landlords will become dispossessed, and the circle of life will started again.

My own view is that BTLer's are not scum, but together with the Property Price Chasing Brit, and non Brit, have become so huge a pivotal support (vote) for recent governments, that they must be placated regularly. It's a bit like tossing joints of beef at the wolf pack to prevent them eating you.

However, that said, in this way BTLers will bring the nation to it's knees.

The answer:- Ram up interest rates, wipe out ALL Housing Benefit and reduce the population. Fast!!