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Contradictory Data

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I am deeply confused ( a bear of little brain maybe ) but on the one hand RICS are saying sales activity is 5% down YOY . 'Sales activity is seeing a modest increase and completed sales have risen almost 8% from their low in February, though they are still down 5% from levels one year ago' .and on ther other the CML claim that lending is up 16% YOY. So how can we account for this discrepancy ?

Are there fewer people taking out much bigger loans ? Has there been a big jump in re-mortgaging ? THE CML have been trying to paint a picture of steadily increasing business and sales but that really doesnt square with the RICS data or am I missing something ?. Is it possible that someone is telling porkies ?!

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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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