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Yes!

I go into 2006 more heartened about this than last year.

but having said that - I probably had other things on my mind 12 months ago

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I go into 2006 more heartened about this than last year.

but having said that - I probably had other things on my mind 12 months ago

I'm seeing real price drops in my part of London/Essex. My house would definately sell for less than it would have 2 yeasrs ago, which is no skin off my nose, but good news for my kids.

I think the SIPPs decision was a major turning point.

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sipps was massive.. before it was cancelled it was being suggested that sipps and BTL was going to suck up about half the new build supply..

It will be very interesting to see what happens next.

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sipps was massive.. before it was cancelled it was being suggested that sipps and BTL was going to suck up about half the new build supply..

It will be very interesting to see what happens next.

I just don't know who would buy a BTL type property now. The yields are very low, and the period of capital growth ended 2 years ago.

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I am much more confident of price falls next year, compared to 12 months ago. Alot has changed in the last 12 months...

I still only expect the big falls to be in the autumn, as then I expect halifax + nationwide to be YoY negative (NI, scotland to have peaked). The bulls will no longer be able to cling to their last hope...

Roll on...

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....and even if BTL's take up had a resurgence, which is quite possible given the continuing hype in the press, that just adds more properties to be discounted next year on top of those all ready for the chop, when our canny "investors" finally realise they are chasing rainbows.

VP

Edited by VacantPossession

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  • 302 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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