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Will The North Crash, Even If South Doesn't?


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Guest Guy_Montag

I'm not so sure, there are plenty of low priced properties up here still. Durham, where I live is intensly affected by the student population, but slightly further out, if you don't mind living in a pit village with unemployment running at 50+% you can still pick up a "bargan".

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I'm not so sure, there are plenty of low priced properties up here still. Durham, where I live is intensly affected by the student population, but slightly further out, if you don't mind living in a pit village with unemployment running at 50+% you can still pick up a "bargan".

Yes, my relatives also tell me that 'prices will never go down in Durham

because it's a university town'. However, here are the latest land reg stats for Durham:

http://news.bbc.co.uk/1/shared/spl/hi/in_d...s/html/20ue.stm

Down 8.9% last quarter, 9.3% YoY. Most of it is in detached

(down 19.7% on quarter, 13.8% YoY), but semis fell 2.8% last

quarter (still small positive YoY).

The other areas of County Durham are more mixed.

Pent

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Grotty houses like these have been snapped up by landlords.

http://www.houseprices.co.uk/e.php?q=110%2...2C+S9+1BL&n=100

600% in 4 years and I think that the North is way imbalanced. And I would say that inflation like this is why all those surveys show the North still growing. My only question in hindsight is this, was the value in 2001 too cheap or is the value in 2005 too much. I've lost the plot in Sheffield anyway, it's gone absolutely mental I have to pinch myself sometimes that I'm not living down south. The fact may be that in absolute terms up North we may not lose as much as down south, but it will be more painful for us. And if the conservatives ever get back in then we will be double whammied as we will be left out to dry as well, just like they did before.

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when you describe the south.. don't lump in Devon or cornwall..

We are as poor as church mice here..

and the moron majority have been happy to pay london prices in a lot of areas...

Yet earn about 50% of london prices..

Lets check out the debt levels...

I honestly.. and I am not lying..

I know one guy who makes about 18,000

and has an interest only loan of £160,000

and he didn't buy at the peak..

He rents a room..

But today with small inflation and real wages drops since labour..

He is buggered.

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Guest Bart of Darkness
I've lost the plot in Sheffield anyway, it's gone absolutely mental I have to pinch myself sometimes that I'm not living down south.

I know what you mean mate.

Decent 2 beds at £250k in the south, yet here in Sheffield what do we find?

http://www.rightmove.co.uk/viewdetails-382...pa_n=1&tr_t=buy

http://www.rightmove.co.uk/viewdetails-101...pa_n=1&tr_t=buy

http://www.rightmove.co.uk/viewdetails-644...pa_n=2&tr_t=buy

Utterly bonkers.

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  • 439 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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