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The Masked Tulip

Housing Market Crash Feared After Average House Prices Take Record Plung

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"Halifax, part of the state-controlled Lloyds Banking Group, tried to ally fears that prices – now at an average of £162,096 – were poised to nosedive amid impending cuts to public sector jobs."

So he agrees? Ally means on the same side right?

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"He added: "The Halifax data will undoubtedly raise fears of a housing market crash. However, it is important to put the data into perspective. The data highlights how volatile housing data can be." "

Which means absolutely nothing. He's not saying you can't rely on it and he's not saying you can. Just that its 'volatile'. What a muppet.

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Martin Ellis, Halifax's housing economist, stressed that while September's 3.6% fall was a record on the basis of monthly comparisons, on a quarterly basis the fall in house prices was 0.9% compared with the second quarter – a significant slowdown on previous quarter-on-quarter falls of between 5% and 6%.

Two more months of this and it will be -11.1% quarter on quarter!

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http://financialadvice.co.uk/news/property/90163-average-house-price-fell-by-6000-in-september.html

Average house price fell by £6000 in September

Thursday 7th October 2010

The average price for a property in the UK now stands at £162,092 which represents a £6,000fall between August and September. There is now growing concern that the UK property market has peaked in the short-term and against a backdrop of difficult economic statistics there is very little chance of a short-term recovery. However, the consequences of a £6,000 drop in the value of property in the UK could be very far reaching.

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  • 259 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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