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Jadoube

Fancy Some Amusement?

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The price divide between new homes in the north and south of the UK is only likely to increase in the coming months, one industry expert has predicted.

According to Vernon Pethard, managing director at newhomesforsale, new property in the south of the country will rise in value at a faster rate than homes located in the north, consistent with previous trends.

The expert made the comments following the publication of a report by LSL Property Services, which showed that it feels the new homes market in the UK will expand "rapidly" in the next 12 months, after the number of land banks rose "significantly" over the last year and a half.

Mr Pethard explained that price growth will largely be driven by London and the south-east as there are a lack of new homes coming onto the market in relation to demand.

However, he added: "Property market conditions remain weaker elsewhere in the UK, with the gap between the southern regions of England and the north widening."

Nevertheless, he predicted that achieved sales prices for new homes may increase across some parts of the country, even in cases where the market is slow, due to more expensive new homes being constructed instead of flats.

So this chap's claims prices will "increase" are self-admitted b0llocks. He in fact predicts builders will build much larger houses - and only get the price they used to get for pokey little flats.

Edited by Jadoube

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So this chap's claims prices will "increase" are self-admitted b0llocks. He in fact predicts builders will build much larger houses - and only get the price they used to get for pokey little flats.

All that matters is the average price of the existing housing stock - since the LR stats exclude new build.

Looking the thrend of building houses instead of flats (sorry I meant "luxury apartments") this is eminently sensible.

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So this chap's claims prices will "increase" are self-admitted b0llocks. He in fact predicts builders will build much larger houses - and only get the price they used to get for pokey little flats.

Or simply: "House prices will rise because only rich people will be able to afford to buy."

I'm sure I've heard that somewhere before.

Oh yeah, it was on here, about 5 years ago.

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Or simply: "House prices will rise because only rich people will be able to afford to buy."

I've been pondering this matter for 2 years now...why is it all these cashrich buyers are so f**king stupid that they would over-pay in an obviously crashing market.

Who are these crazy fools ?

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I've been pondering this matter for 2 years now...why is it all these cashrich buyers are so f**king stupid that they would over-pay in an obviously crashing market.

Who are these crazy fools ?

They're probably related to Gordon Moron Brown.

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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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