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Is The Penny Starting To Drop?

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I had an interesting conversation with a friend who bought in 2004/5 and has been trying to sell his house for 18 months without any interest (due to the asking price being too high).

He has always maintained that 'house prices always go up'.

The house next door is pretty much identical and also for sale but for 30% less and STILL hasn't sold after 3 months.

In the past he has told me to "buy it - you will immediately have 30% equity!"

The tone of the way he was talking last night pretty much conceded that he is in negative equity and therefore unable to move AND that he thinks prices will drop a lot further.

Let's just hope that this is a sign of a change in sentiment!

Although I sympathise with his position, at least HE HAS his own home!!

Has anybody else observed anything similar?

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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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