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House Price Crash Forum

It's Grim Up North.

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My search area covers the area from just outside Barmouth up to,and including, Harlech.

Including SSTC, a total of 106 properties.

Pricewise (high to low) the first property SSTC is listed at no 57 (Asking price £200K)

No house has sold for over £200K this year.

Personally,I'm looking to buy for about £250K, but because prices are so unrealistic (2007+),I have only viewed one house

in the last 18 months.

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Can you imagine what a 300K plus mortgage will be like once IRs start to rise - they may not rise this year but they will start sooner than later and then we will most likely see a decade of IR rises.

I am convinced that most selling a house for over 250K in the UK, especially in Wales, be they seller or EA truly have no comprehension of what the yearly mortgage costs will be on such properties once the IRs rise.

It is possible that thousands of property in Wales could end up with yearly mortgage payments greater than the average gross salary in many areas.

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  • 433 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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