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Price Tag Of An Average Home Is Up £20,000 In 2013: Typical Property Now Being Valued At Just Under £250,000

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http://www.dailymail.co.uk/news/article-2396824/Price-tag-average-home-20-000-2013-Typical-property-valued-just-250-000.html

Growing concern Government schemes to boost the housing market may be fuelling another house price bubble

From January another scheme will allow people with small deposit to buy a home, with the Government providing a guarantee

Rightmove said it is ‘already seeing early signs of demand outstripping supply’

Considering the Mail headline I'm amazed that they followed up with HOUSE PRICE BUBBLE!!!!

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This situation is hilarious.

Out of nowhere, the VIs and speculators have talked themselves into a property ramping frenzy. So suddenly, after a month or so of talking prices up, asking prices are up massively. Anecdotally, I see plenty of houses coming on at silly prices, only to get a minimum of 10% slashed off the asking price within a month.

It is a new realm of delusion. The market still has so so few first time buyers. It's going nowhere.

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