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Favre

Do These Figures Prove

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quick bit of math here...........

http://news.bbc.co.uk/1/hi/business/4193008.stm

The average cost of a property in England and Wales is now £161,000, almost £7,000 less than in June 2004.

161000 / 168000 = 0.958

Therefore Property prices are DOWN 4.2%

snippet from years gone by at the end of the eighties crash..........

The Times

THU 06 FEB 1992

Prices of houses fall 3.6% in year

HOUSE prices fell by 1.2 per cent last month, the latest Halifax building society house price index shows. It comes after a fall of 1.3 per cent in December and means that house prices are now 3.6 per cent lower than a year ago. Although there are...

Now if in the last HPC a yoy fall was 3.6% does that not mean that since we have just witnessed a larger House Price drop we're in crash territory?

Favre

Edited by Favre

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I think the bubble is so big and has been so exponential this time that the momentum will kick in before it is properly noticed. It will take a 10% drop before it creates negative equity to the extent of more than an inconvenience for anyone who bought their house more than 2 years ago. The next election really is the election to loose :ph34r::ph34r:

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  • 336 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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