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West Midlands House Prices Return To Pre-Credit Crunch Levels

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And yet the mystery still remains of where the money is coming from to pay for all these price rises. Last time I looked, people's salaries weren't getting any bigger. Looks like it's more and more magic money.

Sooner or later, it's all got to come crashing down. The question remains is whether any of us will still be around to benefit from it.

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Nothing to see here really.. Local newspaper heavily reliant on estate agent adversing is trying to talk the market up..

Meanwhile in other news which completely passed this journalist by..

UK retail sales fell at their fastest annual pace for 16 months in May, according to a survey by the CBI.

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I have noticed something similar, two houses came onto the market recently that are almost identical to one that sold 18 months ago. The one that sold 18 months ago went for 149k after asking 175, the two newer ones to market are 215k and 249k, the 215k has gone sstc. Very depressing.

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I am seeing this in Norwich also.

It's however mostly impacting the best houses in the good areas. I slightly mongrel house even in good areas and its not so good going.

If you are in a safe job you can get the money.

This however does make the figures look great whilst I doubt the volumes are much higher overall.

This feels like the second bump in that life cycle of a bubble graph "back to normal".

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  • 238 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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