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moonriver

Wake Up To Money. Radio 5 Today. .

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There is a bit of nice Good Friday listening for bears here. :)

It is only on for a couple of minutes,but well worth a listen.

A pity, with it being on so early in the morning, on a Bank Hol, that many will not of heard it though.

It starts at 27 mins 45.

http://www.bbc.co.uk/iplayer/console/b010ffmr

They are discussing what is likely to happen this Easter, during a time you would normally expect to be a very busy sales season time for housing, especially with the good weather this Easter break is bringing.

Basically Henry says the only ones likely to be doing deals on housing now, are those who are cash rich, and they will be "carving themselves significant savings". But there is still an inbalance, as vendors are still being too "screamingly optomisitc" with their average asking prices.

Only some areas like prime central London are still faring well.

But he said that sales are way down this March compared to March.last year (down 8%). Only 68,000 homes were sold this March, compared to 141,000 in March 2007, and that this is likely to be the new norm.

Concerning the optomistic house price statistics that keep getting released, he says that despite the transparency of the internet, it is still very, very difficult for the man on the street to see what is really going on in the housing market.

Nice one Henry, Keep telling it how it really is.

This is the second time recently I have heard him speaking bearish about housing on the bbc. :) .

.

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  • 284 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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