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 (%)
Jun 8962,244 0.00
Jul 8962,782 0.86
Aug 8962,782 0.00
Sep 8962,782 0.00
Oct 8961,495 2.09
Nov 8961,495 0.00
Dec 8961,495 0.00
Jan 9059,587 3.20
Feb 9059,587 0.00
Mar 9059,587 0.00
Apr 9058,982 1.03
May 9058,982 0.00
Jun 9058,982 0.00
Jul 9057,245 3.03
Aug 9057,245 0.00
Sep 9057,245 0.00
Oct 9054,919 4.24
Nov 9054,919 0.00
Dec 9054,919 0.00
Jan 9154,547 0.68
Feb 9154,547 0.00
Mar 9154,547 0.00
Apr 9155,418 1.57
May 9155,418 0.00
Jun 9155,418 0.00
Jul 9154,903 0.94
Aug 9154,903 0.00
Sep 9154,903 0.00
Oct 9153,635 2.36
Nov 9153,635 0.00
Dec 9153,635 0.00
Jan 9252,187 2.77
Feb 9252,187 0.00
Mar 9252,187 0.00
Apr 9252,663 0.90
May 9252,663 0.00
Jun 9252,663 0.00
Jul 9252,243 0.80
Aug 9252,243 0.00
Sep 9252,243 0.00
Oct 9250,168 4.14
Nov 9250,168 0.00
Dec 9250,168 0.00
Jan 9350,128 0.08
Feb 9350,128 0.00
Mar 9350,128 0.00
Apr 9351,918 3.45
May 9351,918 0.00
Jun 9351,918 0.00
Jul 9351,746 0.33
Aug 9351,746 0.00
Sep 9351,746 0.00
Oct 9351,050 1.36
Nov 9351,050 0.00
Dec 9351,050 0.00
Jan 9451,327 0.54
Feb 9451,327 0.00
Mar 9451,327 0.00
Apr 9451,362 0.07
May 9451,362 0.00
Jun 9451,362 0.00
Jul 9451,731 0.71
Aug 9451,731 0.00
Sep 9451,731 0.00
Oct 9452,114 0.73
Nov 9452,114 0.00
Dec 9452,114 0.00
Jan 9551,084 2.02

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