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Tag: residential derivatives

City traders still see dismal future for house prices

City traders still see dismal future for house prices

Technically you can buy a house in five years’ time at less than you’d pay today. That’s if you have enough cash to trade in the residential derivatives market. Future HPI, an index of residential derivatives trades put together by Peter Sceats & Associates, puts the average price of a house in May 2016 at £161,498, measured against the Halifax non-seasonally adjusted average price. That average price in May this year was put at £162,344. But between then and now those…

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House prices lower in 2016 than today – City traders are putting money on it

House prices lower in 2016 than today – City traders are putting money on it

If the City traders in residential derivatives have their fingers on the pulse of how house prices are likely to move then by 2016 the average home will be worth less than today. The index Future HPI, put together by Peter Sceats & Associates, provides an index of residential derivatives trades and it puts the average price of a house in December 2016 measured against the Halifax index at £159,076. That’s £2,394 less than the average non-seasonally adjusted house price…

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Future’s traders see long slump in house prices

Future’s traders see long slump in house prices

House prices will be lower than today at least until the end of 2014. That is the balance of the views of City folk who trade in residential derivatives. The index Future HPI, put together by Peter Sceats & Associates, provides an index of residential derivatives trades and it puts the average price of a house in December 2014 measured against the Halifax index at £157,224. That is about £6,000 less than the average non-seasonally adjusted price measured by Halifax in November….

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Futures market puts house prices in cash terms down by a third by 2011

Futures market puts house prices in cash terms down by a third by 2011

Punters in the residential derivatives game are putting a very bleak gloss on the direction of house prices. The Tradition Future HPI, which measures future prices against the Halifax (HBOS) non-seasonally adjusted average, puts a value of £137,233 on an average house in June 2011. Given that prices peaked at £201,081 last August, that is a fall of about a third in nominal terms and considerably more in real terms. No wonder the figures tempt the Director of Tradition, Peter…

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