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Daft Boy

Uk House Prices To Rise By 20%

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My fault. Just got home after a busy day and could not find it on the main forum. No harm to flag it up again for those posters who actually work for a living wink.gif

...And pigs might fly. This is the only group of 'experts' who are suggesting the market will rise over the coming year. Of all the 8 articles posted by Yahoo news in the last few days, only this group quoted by the Express say HPI are afoot.

When you see that new mortgage numbers fell to the low pint of Jan again this July and the number of homes for sale has increased by 78% on a backdrop of declining sales, that the public sector cuts have yet to actually arrive, that IR's can only go up at sometime, that the FSA are planning much tighter mortgage rules, it is very hard to see why homes should increase in price just now. Average incomes will fall for the next 12 months.

I think we are in the period of uncertainty and as the winter comes and actual cuts are announced there could be a pronounced fall in confidence and thus prices. Minus 0.5-1.5% per month is all it takes, with the odd -2% thrown in.

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"Of course this must be mere coincidence and he has no editorial say.... according to the Times Rich List the Daily Express owner Richard Desmond has a £500m property and investment portfolio and owns the Express building."

SEZ IT ALL!

Mike

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So the Daily Express thinks a 20% rise is likely thereby lifting thousands of its readers out of negative equity

http://www.dailyexpress.co.uk/posts/view/190600

What a load of drivel. The comments at the bottom of the article says it all really laugh.gif

As you say, the quotes are priceless. Apart from our old mate Sibley the Express can't find a reader who agrees with them. Pretty shocking don't you think?

Edited by tomwatkins

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...And pigs might fly. This is the only group of 'experts' who are suggesting the market will rise over the coming year. Of all the 8 articles posted by Yahoo news in the last few days, only this group quoted by the Express say HPI are afoot.

When you see that new mortgage numbers fell to the low pint of Jan again this July and the number of homes for sale has increased by 78% on a backdrop of declining sales, that the public sector cuts have yet to actually arrive, that IR's can only go up at sometime, that the FSA are planning much tighter mortgage rules, it is very hard to see why homes should increase in price just now. Average incomes will fall for the next 12 months.

I think we are in the period of uncertainty and as the winter comes and actual cuts are announced there could be a pronounced fall in confidence and thus prices. Minus 0.5-1.5% per month is all it takes, with the odd -2% thrown in.

People never figure out that a 20% fall means a 25% increase to get back to square uno. As you say dribs and drabs soon add up.

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Judging by the comments section I'd say it appears that people are no longer being taken in by the ******** being spouted by the msm..... good!

That's strange..... I can type shit but not bull shit.....

Edited by Dubai

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  • 140 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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