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Nationwide Calls Housing Market For Next Year

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This report from the nationwide is enough to put any potential BTL or SIPPS investor off, and cause a major loss of confidence in the market, especially as its from a vested interest.

If this gets onto TV it will certainly make for a subdued housing market prior to xmas and beyond

The top mortgage lender delivered its bleak assessment of the housing market as it unveiled a 13 per cent rise in its pre-tax profits to £254.7 million for the first half, helped by diversifying into new financial services areas.

The Nationwide argued that next year's price falls will be "modest" and that its outlook for the economy next year was "benign". It suggested that it would benefit from the trends as falling house prices brought new buyers into the market.

the last paragraph.....

hello, what morons buy into a declining market

same report from nationwide.....

In banking and consumer lending, it bumped up personal loan advances by 29 per cent to £701 million.

what does that tell you?

this country is maxed up in debt...

this will be a major major trigger in its self

Edited by crash 2005

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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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