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Travis Perkins Say Last Four Weeks In Oct Were Bad

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"The company said it needed to see a cut in borrowing costs and in other pressures on disposable income before it could expect a strengthening in its markets next year."

They are not alone then, the people needed to finance the housing market and the lender's profits need to do that too.

This is a market that has rapidly priced itself out of the err market, any attempt to prop it is likely to lead to a downturn in not only housing transactions but the economy in general. I think we are right up the end of a economic blind alley now.

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According to this article ancillary building supply merchants are in trouble also. Of particular note is the slump in sales of kazis. One would have thought that these would increase as EAs and VIs begin to panic about the impending HPC?

Edited by Realistbear

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  • 301 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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