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Hefty Rise In Repos

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Guest uberstuka

"Across Britain, banks and building societies took possession of 4,640 properties, compared with 3,070 in the previous six months, a rise of 51 per cent."

Say no more.

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Once there is a critical mass of repo property on the market it acts to set the new floor. I remember last time around where the psychology went from 'must get on the ladder' to 'going to get me a repo if I really have to move' over the course of 12-18 months. The chat went from 'how much I've made' to 'how much I've saved'.

When repos are common then no-one in their right mind buys at full market price direct from a vendor.

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  • 312 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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