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Mega

No, Its Called A Buyers Strike!

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"In addition, uncertainty in the housing market has led to a cautious mood, causing a third of the first-time buyer population to say they were wary of taking the plunge into property."

By jove, I think they're beginning to get it...

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The article has it right when it says that most FTB's have given up thinking of buying in the UK for now! References to buying abroad with France and Spain being mentioned are interesting. How will you finance that in todays mortgage market and manage a property somewhere else whilst renting in the UK? Then we are told that Australia is the preferred choice for moving away to. Currently their house prices are, on average the most expensive in the world and now much more than the UK in any city area. If want a shack in the middle of nowhere you will find modest prices. But Brits won't like old wooden buildings after living here. Take Sydney - it has easily overtaken London - the prices are totally mad if located anywhere near enough for a commute AND mad on income multiple basis. Within 30 mins of the city you could pay over £1m for a very modest 3 -4 bed home on a tiny plot. Anywhere closer and it could be a price like $3-4m ie £1.7 to 2.3m. You can no longer easily swap over from a UK home and emigrate to Oz. Melbourne is expensive too, with Brisbane and Perth being less, but still higher than UK prices on a like for like.

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The article has it right when it says that most FTB's have given up thinking of buying in the UK for now! References to buying abroad with France and Spain being mentioned are interesting. How will you finance that in todays mortgage market and manage a property somewhere else whilst renting in the UK? Then we are told that Australia is the preferred choice for moving away to. Currently their house prices are, on average the most expensive in the world and now much more than the UK in any city area. If want a shack in the middle of nowhere you will find modest prices. But Brits won't like old wooden buildings after living here. Take Sydney - it has easily overtaken London - the prices are totally mad if located anywhere near enough for a commute AND mad on income multiple basis. Within 30 mins of the city you could pay over £1m for a very modest 3 -4 bed home on a tiny plot. Anywhere closer and it could be a price like $3-4m ie £1.7 to 2.3m. You can no longer easily swap over from a UK home and emigrate to Oz. Melbourne is expensive too, with Brisbane and Perth being less, but still higher than UK prices on a like for like.

doesnt seem to be alot of buying interest in Burkino Fasa or Baghdad either

Do you think theres a natural inclanation for Brits not to see opportunity in places beginning with B

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Typical example here.................near the towns of Glucksberg/Flensberg/Schleswig...lovely area. Close to Hamburg, Near the Danish border. Massive old house and gardens......for 235K....less than a one bedroom flat in Southend, and you don't get knifed everytime you leave home here in Germany, and they have a decent football team. I never cease to be amazed that property is so inexpensive here. No hint of rising prices, so you'll never get rich by owning property.

buy here

Edited by ingermany

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Typical example here.................near the towns of Glucksberg/Flensberg/Schleswig...lovely area. Close to Hamburg, Near the Danish border. Massive old house and gardens......for 235K....less than a one bedroom flat in Southend, and you don't get knifed everytime you leave home here in Germany, and they have a decent football team. I never cease to be amazed that property is so inexpensive here. No hint of rising prices, so you'll never get rich by owning property.

Wash your filthy mouth out!*

*I never tire of saying that. tongue.gif

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Wash your filthy mouth out!*

*I never tire of saying that. tongue.gif

I know, it's difficult to take (and in all the agony people have ignored this) but Lampard's goal was a classic and could well be the goal of the tournament.

Anyway, Germany is a nice place with cheap property and just about zero HPI for as long as anyone can remember. It just hasn't had the France/Spain type imported HPI over the last decade.

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  • 153 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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