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Nationwide Has Changed It's Spin

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Interesting, usual bullshite prediction from the Nationwide that house prices in 2006 will 'rise' by 3% i.e. nominally 0% growth ( but lets hope that chav in the street doesn't understand this )

What interested me is that as per tradition Nationwide signed off the press release with a sentence of why house prices will rise forever...... but instead of the time honoured mantra of "low unemployment, low interest rates and a strong economy" it's changed to.....

"demand for homes, low borrowing costs and a change in consumers' expectations."

For some reason they always seem to feel that 3 reasons need to be given.

But these reasons, well they seem to be utter flannel. Demand has demonstrably collapsed and consumers have adopted the 'recession crash position'. Now expecting a recession is harldy going to cause consumers to rush out and buy an overpriced house is it. :rolleyes:

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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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