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Interesting Article In This Weeks Property Week

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"Next week REDC is back for its second wave of sales. Initially planned for five days, it has already been slimmed to two, and the catalogue has been halved. REDC attributes this to an unexpected respite in the UK property market, which has led to a reduction in the number of repossessed properties that need to be sold through auction.

Greg Spiro, executive vice-president for REDC in the UK, says the company is in the British market for the long haul. It has lined up another round of sales for the autumn.

‘At the moment, it is a temporary respite,’ he says. ‘We think that in the autumn another recession will bite, so there will be a further wave of repossessions. We plan to sell in November and then next year as well.’"

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  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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