Steepest, yes.
Deepest -
Jan 09 is now £150,501 from a peak in July 07 of £193,153. A
22.1% fall. As far as I can see the Nationwide figures for the last crash show a peak in Q3 1989 at £62,782 to a low of £50,168 so showing a
20.1% fall over 3 years.
Longest. Got me there. It isn't. Yet. Although todays Daily Telegraph thinks it is:
UK house prices fall further in January - Telegraph
UK house prices fall further in January
UK house prices fell for a fifteenth straight month in January - the longest run on record - as the deepening recession in the UK adds further downward pressure on the once booming market. Article continues..
I was thinking about this being a much longer recession than the early 90's (it was just two quarters then). Of course some Government Ministers are already seeing the green shoots of recovery and Margaret Becket the Housing Minister is saying that this is a very good year to buy..
This HPC is harder than the last one Alex. I think you probably agree the broad point.
WWW