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Good Old Merryn

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most importantly of all, house prices — the biggest driver of consumption — are at best flat and at worst falling.

I predicted falling house prices in 2004 and in 2005 and I am going to continue to do so. According to Hometrack (which to my mind produces some of the more honest house-price statistics) prices have fallen 2.5% so far this year. Add inflation into that and prices are down 5% in real terms.

This may not count as a crash in everyone’s book, but it is still pretty nasty — and I think it is going to get much nastier. Houses are still impossibly expensive, and it looks as though this year there will be the lowest level of residential-property transactions for three decades. That doesn’t bode well. So here’s one prediction for 2006: house prices will keep falling.



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  • 312 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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