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House prices take a long time to change, as does sentiment towards them. People get too set on a trend and think it can continue forever. Clearly this is wrong.

Sentiment has started to change, and most people now recognise that it is a buyers market.

As soon as sentiment changes from +ve to -ve (or even indifferent) then the price that a house can sell for falls. No need to 'get on the ladder' because you won't 'miss a boat' that is not moving.

And if the boat is sinking then you'll probably be quite glad you didn't get on board.

Reading through CH4 foums they seem to be getting more bearish, and its not just me who thinks the market is looking a little soft and squidgy (and Brown).

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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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