Share this story
Close X
Switch to Desktop Site

Unlike US home prices, UK prices go up. A bubble?

(Read article summary)
View video


(Read caption) Home prices in the United Kingdom have recently turned up after following US prices downward for years.

View photo

One of the more interesting and most dramatic features of the housing bubble days was how pervasive and broad the mania was, encompassing a multitude of regional housing markets across the United States and around the globe.

Today, post-housing crash, we are still seeing property markets continuing to move together somewhat as governments around the globe scramble to prop up quickly deflating housing assets with boondoggles that quickly reveal themselves as being mere temporary distortions to a trend the remains "organically" in decline.

About these ads

Comparing the S&P/Case-Shiller (CSI) index to that of the two popular U.K. home prices indices you can see that while all three indices were showing some significant signs of deceleration in recent months, now both UK series have shown some notable increases.

The chart above shows S&P/Case-Shiller Composite-10 series along with the Nationwide and Halifax U.K. series.

Recommended: Heading for a double dip

RELATED: Foreclosures on the rise: Is your city on the Top 10 list?

Add/view comments on this post.


The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.