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The Masked Tulip

House Prices Fall Sharply In Eight Out Of Ten Regions In England And Wales

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The Mail is reporting the Land Reg figures - post your comments.

http://www.dailymail.co.uk/news/article-1342804/House-prices-fall-sharply-regions-England-Wales.html

The figures are encouraging. All regions will be faling very soon, if not already. The 40% drop needed would already have taken place had we not had the special liquidity scheme, IR's which just give the banks outrageous margins at the expense of savers , in order to 'recapitalise' (ie get back your money they lost ....from you) and rediculous borrowing by Gordon darling/Brown now being halted as of 2011. WE WILL ALL PAY FOR THIS AND IT WILL COST MORE BECAUSE NATIONAL DEBT HAS INCREASED BY ANOTHER £300 BILLION + SINCE 2008.

If IR's rise (on top of all the other factors) as they must, to tame the inflation in the system, then the HPC will be set in concrete by autumn 2011. Don't expect a bottom until autumn 2012 earliest. It is most likely the pundits will find the down draught much syronger than they are all prepared to say at present. Doubt I will buy before summer/autumn 2012 and maybe spring 2013.

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the tide is going out.

I daren't wander down past the high tide line and see what horrific flotsam will be left there

IMHO, despite all this good news, there is still a good proportion of deluded ('cant afford to sell it for less') sellers out there - I'm noticing a very much two-speed market in my area - places coming newly for sale more reasonably priced, but the same deluded 24-month-on-markt rubbish sitting with teeny (£5k or so) reductions. Wonder what will cause this gap to close up?

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I put the first comment on this article. Solid HPC stuff. They haven't printed it and six bear comments are all that there has been on there for some time. Have they closed comment?

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I daren't wander down past the high tide line and see what horrific flotsam will be left there

IMHO, despite all this good news, there is still a good proportion of deluded ('cant afford to sell it for less') sellers out there - I'm noticing a very much two-speed market in my area - places coming newly for sale more reasonably priced, but the same deluded 24-month-on-markt rubbish sitting with teeny (£5k or so) reductions. Wonder what will cause this gap to close up?

This is quite hilarious as I know two reluctant Landlords whose lives are being held back by this "blip" or "economic climate". Of course has sod all to do with their decision to buy property 2 weeks before the banks went bust...no of course not???

"It's just a blip as prices only ever go up"

followed by

"would you know why I recieved a Self Assesment form in the post the other day?"

Reluctant landlords...LOL...I love 'em!

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  • 312 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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