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Once in a lifetime

First-time Buyer Numbers Slump

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http://www.theherald.co.uk/news/45731.html

"The drop in first-time buyers would indicate price pressure will no longer be coming from the bottom of the market and filtering upward, another indication prices may have to fall in the next couple of years."

He said that as many people had been drawing on the value of their properties for loans, it was probable that the Scottish economy was set for a "dramatic slowdown" as people faced the fact the debt cannot be sustained.

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Guest Time 2 raise Interest Rates

June 27-2005

BANK OF ENGLAND WARNS ON CONSUMER DEBT BEING A THREAT TO ECONOMIC

STABILITY.

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Scotland has been helping to prop up the national average house prices on the various indices. Now that it appears that Scotland is slowing we should see the indices continue their downward spiral.

The change in Scotland has come along just in time to help the indices to going negative this Autumn! :)

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Scotland has been helping to prop up the national average house prices on the various indices. Now that it appears that Scotland is slowing we should see the indices continue their downward spiral.

The change in Scotland has come along just in time to help the indices to going negative this Autumn!  :)

Phew! I'll admit, sometimes I sweat on the arrival of the HPC, but that article has cheered me up considerably, especially the phrase "as people faced the fact the debt cannot be sustained". The first admission in the mainstream media I've read which tells it like it is - the UK is not much wealthier, it just has bigger debts.

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  • 301 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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