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House Prices Falling Again As First-Time Buyers Give Up Hope

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http://www.thetimes.co.uk/tto/business/industries/construction-property/article2706857.ece

Asking prices dropped by 0.3 per cent during the month, following a 0.1 per cent decline in July, according to research by the Hometrack property intelligence company.

care to post the salient excerpts? murdoch isnt getting any of my money any time soon

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http://www.thetimes.co.uk/tto/business/industries/construction-property/article2706857.ece

Asking prices dropped by 0.3 per cent during the month, following a 0.1 per cent decline in July, according to research by the Hometrack property intelligence company.

So you subscribe to the times then.

Do you exchange birthday cards with the other 17 people.

tim

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apologies.

Asking prices dropped by 0.3 per cent during the month, following a 0.1 per cent decline in July, according to research by the Hometrack property intelligence company.

Separate research from Rightmove showed that the number of first-time buyers fell to the lowest level in a year, with those purchasing their first property falling to about a fifth of all buyers — down from nearly a third this time last year.

Hometrack meanwhile reported that a lack of buyers was helping to drag down prices. The supply of houses for sale rose by 14 per cent in the five months to August, while demand has slipped by 2 per cent.

Homes are also lingering on the market for an average of nearly nine weeks, the longest period in more than a year. A lack of buyers puts pressure on house prices as sellers slash their prices to attract those who are looking.

He added that price falls were becoming more widespread as well as gaining momentum. Property prices dropped across a third of all postcodes in the country, prices rose in around 3 per cent of postal districts. In July prices fell across 26 per cent of postcodes, compared with 2.6 per cent in June, the data showed.

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apologies.

Asking prices dropped by 0.3 per cent during the month, following a 0.1 per cent decline in July, according to research by the Hometrack property intelligence company.

Separate research from Rightmove showed that the number of first-time buyers fell to the lowest level in a year, with those purchasing their first property falling to about a fifth of all buyers — down from nearly a third this time last year.

Hometrack meanwhile reported that a lack of buyers was helping to drag down prices. The supply of houses for sale rose by 14 per cent in the five months to August, while demand has slipped by 2 per cent.

Homes are also lingering on the market for an average of nearly nine weeks, the longest period in more than a year. A lack of buyers puts pressure on house prices as sellers slash their prices to attract those who are looking.

He added that price falls were becoming more widespread as well as gaining momentum. Property prices dropped across a third of all postcodes in the country, prices rose in around 3 per cent of postal districts. In July prices fell across 26 per cent of postcodes, compared with 2.6 per cent in June, the data showed.

"Sellers slashing prices" - thats the sort of language that stokes the panic-better than that 'prices softening' nonsense!

I'd say the momentum is building nicely-critical mass by xmas IMO.

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"Sellers slashing prices" - thats the sort of language that stokes the panic-better than that 'prices softening' nonsense!

I'd say the momentum is building nicely-critical mass by xmas IMO.

Best Xmas present ever if it happens :D

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apologies.

Asking prices dropped by 0.3 per cent during the month, following a 0.1 per cent decline in July, according to research by the Hometrack property intelligence company.

Separate research from Rightmove showed that the number of first-time buyers fell to the lowest level in a year, with those purchasing their first property falling to about a fifth of all buyers — down from nearly a third this time last year.

Hometrack meanwhile reported that a lack of buyers was helping to drag down prices. The supply of houses for sale rose by 14 per cent in the five months to August, while demand has slipped by 2 per cent.

Homes are also lingering on the market for an average of nearly nine weeks, the longest period in more than a year. A lack of buyers puts pressure on house prices as sellers slash their prices to attract those who are looking.

He added that price falls were becoming more widespread as well as gaining momentum. Property prices dropped across a third of all postcodes in the country, prices rose in around 3 per cent of postal districts. In July prices fell across 26 per cent of postcodes, compared with 2.6 per cent in June, the data showed.

Pretty soon 'Newsnight' etc will have guest commentators described as "expert from the Times" & no one will have ever heard of them!

On the other hand, they could start bringing in fully paid up shills, to support/put over whatever the propaganda of the day is :o

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  • 152 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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