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TheCountOfNowhere

Ons - House Prices Drop Back....

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"House prices in surprise monthly drop, says ONS"

Despite what the BBc were reporting this morning:

http://www.bbc.co.uk/news/business-24902895

"Figures from the Office of National Statistics (ONS) out later are expected to show UK house prices at a new record high."

Still they manage to spin this "surprise drop" as:

Annual inflation rose from 3.7% in August to 3.8% in September.

Across the UK regions, prices rose by 4.2% in England and 1.4% in Wales.

However prices fell by 1.1% in Scotland, and 1.5% in Northern Ireland.

Lets not forget:

"The ONS house price index, which is based on mortgage completions, gives a heavy weighting towards prices in London."

:lol::lol::lol:

Edited by TheCountOfNowhere

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Lots of people sharing and subletting into their early 30's especially in London, it's bound to effect rents along with the bedroom tax. I expect a surprise scrapping of the bedroom tax any day now.

The front running of HTB is over now, price falls will resume their trend of below wage inflation.

Who's cleaver now then? Smug gits who thought must get on the ladder or get a BTL before prices rise.

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Lots of people sharing and subletting into their early 30's especially in London, it's bound to effect rents along with the bedroom tax. I expect a surprise scrapping of the bedroom tax any day now.

The front running of HTB is over now, price falls will resume their trend of below wage inflation.

Who's cleaver now then? Smug gits who thought must get on the ladder or get a BTL before prices rise.

I must admit, I did think about getting into the ponzi before HTB2 kicked off, but they kicked it off early.

The main issue was though I'd have bought if i had found something reasonably priced but that seemed to go out the door in April, way before HTB2 started, so I suspect the FLS money give away ( to banks and builders ) scheme caused any HPI this year.

I doubt, around northants, by December we'll have seen any price rises on average.

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That was "unexpected" :lol: (the fact they didn`t mention it I mean ;) )

Exactly, its what the do not mention like.

The price of stuff is still rising at 2.2% and it is things cost more than you paid last year.

house prices are more expensive meaning if you ever want to move you will have to take on more debt

etc..

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  • 404 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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