In my minds eye that was the chap the Council of Mortgage Lenders have hired to do their
PR work ;-)
UK house price figured have already gone Year on Year negative, the average house price was:
March 2007: £194,094
now:
March 2008: £191,556
---------
-£2,538
The Halifax are reporting three month rolling average figures which are softening the blow.. It does however allow the various vested interests to use phrases such as "house price growth is slowing".
However this will change in a month or so times as even the massaged figures go Y-o-Y negative. Perhaps its happened already as The Sun wades in today (online - watch tomorrows paper for the print version) with:
House prices plummet
By SUN MONEY REPORTER
Published: Today
HOUSE prices have plummeted in the worst fall since the early-90s property crash, the latest monthly data from Halifax has shown.
Job losses in the City are going to hurt the Business and First traffic particularly on the London/New York route. Equity and inflation concerns will be hurting the middle class user of LoCos you enjoy several European jaunts a year. The bucket and spade working class Charter holidays may not get booked as the credit card is cancelled and the house repossessed.
Its going to hurt every airline. Badly. Which is what the shareprices were telling us months ago.
WWW