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crash 2005

'rural First-time Buyers In Serious Decline'

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click the following

http://www.in2perspective.com/articles/-ru...us-decline-.jsp

The lender released a league table of affordability, with North Cornwall coming at the bottom of the list. The average house price in the local authority area is £217,276, almost 14 times average local earnings of £15,595.

what a crash its going to be, and there will be no way of stopping it this time.

1. bad debts on severe increase.

2. mortgage arrears / repossessions up 52%

2. unemployment on the up

3. manufacturing in recession.

4. retail sector in dire straits.

5. new car purchasing down.

6. B&Q diy stores in problems.

7. time & tiny computers gone.

8. 70% sales everywhere.

9. profit warnings released almost on a daily basis

to name but a few.

How on earth could anyone believe house prices may possible recover with this wealth of economic problems that we face in the UK.

It will have to give somewhere, and the only major bubble is the property one.

Which is what we are seeing being played out this year.

Edited by crash 2005

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The lender released a league table of affordability, with North Cornwall coming at the bottom of the list. The average house price in the local authority area is £217,276, almost 14 times average local earnings of £15,595.

its the same here in herefordshire, low wages and massive house prices, i dont know how any locals with low wages can afford to buy, mmm thats probably nothings selling around here then... :lol: a small 2 bed terrace that was on the market for well over a year was recently put up for auction the other day, and still didnt sell :lol::lol:

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  • 302 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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