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Average House Plummets 16%

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Is it based on asking or achieving?

Hard to say ...

I was looking at a house last year. It was on at £145k. Asking price got reduced to £138k ... but it sold for £128k. I only know that because the EA knew I was interested and told me the offer that was on the table and that it had been accepted.

Maths is not my strong point but I calculate that as an approx 5% reduction to initial asking price.

Sale price was an approx 12% reduction from oringinal asking price.

Edited by tinbin

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The DCLG is based on mortgage completions so it is more backward looking than the Halifax and Nationwide. Their info comes from the CML so it is more reliable but also more out-of-date.

The UU data is EA-based so it may be a mix of completions and sale agreeds. Does anyone know?

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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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