House Price Crash From The Early 90’s

Here’s a graph to show what happened in the last house price crash, which took place in the early 90’s. If you look at the graph you will see that from peak to trough there is an approximate 18% fall. Although that doesn’t seem like much, if you take into account inflation then the fall is much larger.

The data is taken from Nationwide national mortgage stats, so essentially, you can see how loan amounts lowered, which is directly related to house prices.

MonthAverage House Price (£)Change (%)
1989-06-0162,244 0.00
1989-07-0162,782 0.86
1989-08-0162,782 0.00
1989-09-0162,782 0.00
1989-10-0161,495 2.09
1989-11-0161,495 0.00
1989-12-0161,495 0.00
1990-01-0159,587 3.20
1990-02-0159,587 0.00
1990-03-0159,587 0.00
1990-04-0158,982 1.03
1990-05-0158,982 0.00
1990-06-0158,982 0.00
1990-07-0157,245 3.03
1990-08-0157,245 0.00
1990-09-0157,245 0.00
1990-10-0154,919 4.24
1990-11-0154,919 0.00
1990-12-0154,919 0.00
1991-01-0154,547 0.68
1991-02-0154,547 0.00
1991-03-0154,547 0.00
1991-04-0155,418 1.57
1991-05-0155,418 0.00
1991-06-0155,418 0.00
1991-07-0154,903 0.94
1991-08-0154,903 0.00
1991-09-0154,903 0.00
1991-10-0153,635 2.36
1991-11-0153,635 0.00
1991-12-0153,635 0.00
1992-01-0152,187 2.77
1992-02-0152,187 0.00
1992-03-0152,187 0.00
1992-04-0152,663 0.90
1992-05-0152,663 0.00
1992-06-0152,663 0.00
1992-07-0152,243 0.80
1992-08-0152,243 0.00
1992-09-0152,243 0.00
1992-10-0150,168 4.14
1992-11-0150,168 0.00
1992-12-0150,168 0.00
1993-01-0150,128 0.08
1993-02-0150,128 0.00
1993-03-0150,128 0.00
1993-04-0151,918 3.45
1993-05-0151,918 0.00
1993-06-0151,918 0.00
1993-07-0151,746 0.33
1993-08-0151,746 0.00
1993-09-0151,746 0.00
1993-10-0151,050 1.36
1993-11-0151,050 0.00
1993-12-0151,050 0.00
1994-01-0151,327 0.54
1994-02-0151,327 0.00
1994-03-0151,327 0.00
1994-04-0151,362 0.07
1994-05-0151,362 0.00
1994-06-0151,362 0.00
1994-07-0151,731 0.71
1994-08-0151,731 0.00
1994-09-0151,731 0.00
1994-10-0152,114 0.73
1994-11-0152,114 0.00
1994-12-0152,114 0.00
1995-01-0151,084 2.02

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