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Ft Academtrics Hpi 0.1% July.

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http://www.bloomberg.com/news/2010-08-12/u-k-house-prices-rose-0-1-in-july-will-struggle-to-gain-group-says.html

U.K. House Prices Little Changed, Will Struggle to Gain, Acadametrics Says

U.K. house prices were little changed in July and will struggle to gain for the rest of the year, Acadametrics Ltd. said.

Prices in England and Wales rose 0.1 percent from June, when they fell by the same amount, the research group said in a statement in London today. Values are up 8.1 percent from a year earlier to an average 220,685 pounds ($344,000).

Home buying may be restrained by weakening consumer confidence as the government prepares the biggest spending squeeze since World War II to tackle the record deficit. Bank of England policy makers maintained emergency stimulus for the economy this month, and Governor Mervyn King said the U.K. faces a “choppy” recovery.

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According to the RB Times Academatrix is tipped to win the annual "Understatement of the Year Award" at this weekend's recognition ceremony:

“Continuing low interest rates are helping,” Acadametrics Chairman Peter Williams said in the statement. Still,
“we are clearly in a period of considerable uncertainty and, at best, the market is likely to continue to remain close to flat.”

The award went to the former President of the US Realtor's (Leary Larry) for a similar statement that the market would not fall but plateau (go flat after the biggest run up in prices in American history).

Don't these so-called experts understand that markets rise and fall and that a plateau never follows a bursting bubble. Neveh!

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According to the RB Times Academatrix is tipped to win the annual "Understatement of the Year Award" at this weekend's recognition ceremony:

“Continuing low interest rates are helping,” Acadametrics Chairman Peter Williams said in the statement. Still,
“we are clearly in a period of considerable uncertainty and, at best, the market is likely to continue to remain close to flat.”

The award went to the former President of the US Realtor's (Leary Larry) for a similar statement that the market would not fall but plateau (go flat after the biggest run up in prices in American history).

Don't these so-called experts understand that markets rise and fall and that a plateau never follows a bursting bubble. Neveh!

But we have a recovereh!

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MAIN POINTS

Housing market transactions increase for second consecutive month, rising by 11% in July from 64,915 in June to an estimated 72,100 in July. Transaction activity has doubled since January.

House prices registered first rise in five months, rising by 0.1% in July. Average prices over the last three months have remained largely stable.

Annual increase slows to 8.1% owing to the stronger year on year comparisons.

http://www.acadametrics.co.uk/LSL%20Acad%20HPI%20News%20Release%20July%2010.pdf

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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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