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*Another* crash????

I thought all the meeja said the last episode was a "downturn"...?

I'm confused now... have we been througha HPC, and we are on for another one, or are we just in a "softening of prices"?

:unsure:

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*Another* crash????

I thought all the meeja said the last episode was a "downturn"...?

I'm confused now... have we been througha HPC, and we are on for another one, or are we just in a "softening of prices"?

:unsure:

I think the upward pressure on prices may become negative for a while.

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I'm confused now... have we been througha HPC, and we are on for another one, or are we just in a "softening of prices"?

I believe the correct terminology is "upward pressure on house prices is set to ease slightly", as in "the upward pressure on house prices eased slightly so I was forced to sell my 2006 BTLs for half of what I paid for them".

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Capital Economics :blink:

Can anyone tell me if they have ever, in the last few years, got a single prediction even remotely right? I think my dog has got more predictions right than them.

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Capital Economics :blink:

Can anyone tell me if they have ever, in the last few years, got a single prediction even remotely right? I think my dog has got more predictions right than them.

Is your dog bullish on 2011 house prices?

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A separate house price index by LSL Property Services suggested buyers are taking advantage of lower prices with the number of properties sold up 20 per cent to 63,500 in June, from almost 53,000 the previous month.

would this 20% increase in sales help or hinder a crash?

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would this 20% increase in sales help or hinder a crash?

How did they work that out then?

These guys are merging with FT academetrics from next month.

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Meanwhile, lead property story at the Daily Embarrassment:

House prices soar: Homes for under £50,000

Despite soaring house prices BEN WEST manages to find good bargains,

http://www.dailyexpressproperty.com/

http://www.dailyexpressproperty.com/articles/view/1/743

It's like a spoof newspaper. Laughably bad.

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One other reason prices will fall further, stamp duty will pull prices down below thresholds.

v

v

v

Purchase price of residential property Rate of SDLT (percentage of the total purchase price) Rate of SDLT - first-time buyers (percentage of the total purchase price)

£0 - £125,000 0% 0%

£125,001 - £250,000 1% 0%

£250,001 - £500,000 3% 3%

£500,001 or more 4% 4%

High taxes stamp duty and vat, legal costs and agents fees will see lower sales turnover and lower prices.

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How did they work that out then?

These guys are merging with FT academetrics from next month.

that's all the info there was

but if it's a NSA figure, then a rise of 20% in sales from May to June is probably normal

Edited by oldsport

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It's like a spoof newspaper. Laughably bad.

http://www.dailyexpressproperty.com/articles/view/6/742

"I did wonder whether our asking price was too high but now I think the reason we couldn't sell it is because we need a particular kind of buyer, " says Lyndy

They snapped it up in 2007 for £765,000 then spent £150,000 on refurbishment

"We put our flat on the market for £975,000 and with the quirky design and layout we expected a wealthy American relocating to London to snap it up"

:lol::lol::lol::blink:

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http://www.dailyexpressproperty.com/articles/view/6/742

"I did wonder whether our asking price was too high but now I think the reason we couldn't sell it is because we need a particular kind of buyer, " says Lyndy

They snapped it up in 2007 for £765,000 then spent £150,000 on refurbishment

"We put our flat on the market for £975,000 and with the quirky design and layout we expected a wealthy American relocating to London to snap it up"

:lol::lol::lol::blink:

They're now letting it for £700 a week. Means £36,400, giving a gross yield of 3.7% on their valuation! Seems you'd have to halve the price of the flat to get a decent yield... B)

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Who the hell reads the Daily Express!?!?!?!

Gotta be the worst newspaper in existence! If I was gonna use it as toilet paper, I wouldn't even bother reading it first!!

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http://www.dailyexpressproperty.com/articles/view/6/742

"I did wonder whether our asking price was too high but now I think the reason we couldn't sell it is because we need a particular kind of buyer " says Lyndy

They snapped it up in 2007 for £765,000 then spent £150,000 on refurbishment

"We put our flat on the market for £975,000 and with the quirky design and layout we expected a wealthy American relocating to London to snap it up"

:lol::lol::lol::blink:

more likely too low in truth. another fifty grand or so might do the trick...

Edited by the flying pig

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a million quid for a two bed flat... good luck with that love.

Er, don't you mean a million quid for a two bed flat with Lutron lights, a Poliform kitchen, Miele appliances.....

Doesn't that make it sound like a bargain?

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  • 145 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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