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There's Too Much New-build Property Already.

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These people write these articles so that their properties can be inflated even further.

If there is so much oversupply then why cant ordinary UK working residents not buy a property for 3.5x salary.

I hope no-one pays attention to this article.

People are trying to use house prices to make themseleves rich rather than to provide a quality of life for the UK's workforce which they deserve.

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I agree, but I would not be too worried, i think the 'damage' has already been done ! (Good for us).

There are literally hundreds of new build flats going up where i live and very few have sold from what I hear.

I was walking past one of the sites last week and stopped to ask directions

(i was really just being nosey - but used this as an excuse) from what looked like some sort of Supervisor for workmen on the site.

I made some general idle coversation and then asked him how they were selling.

He said 'terrible'. He could not recall anything so bad since the early 90's.

I said "Oh thats interesting, usually a buy-to-let invester would normally come and buy the whole lot", he said it was funny that I said that that cos that HAD been happening pre-2005 and he, in fact , had even been thinking of getting into

buy-to-let , but not any more , he said he would now NOT sink his money into property, he said "I thnink I missed the boat on that one Love!


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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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