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gruffydd

Welsh House Prices Falling Sharply

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http://icwales.icnetwork.co.uk/0100news/02...-name_page.html

Welsh house prices face sharper fall Jan 10 2006

Western Mail

WELSH house prices fell by more than anywhere else in the UK at the end of last year, according to a survey published yesterday.

A Halifax spokeswoman said, "The housing market is expected to be flat in 2006 with modest nominal house price growth and no change in real terms. UK house prices are forecast to rise by 3%, broadly in line with the predicted rise in retail price inflation."

Prices are expected to rise by up to 8% year-on-year by the middle of the year before being pegged back by smaller rises at the end of the year to give an average annual growth of 3%.

Ehhhhhhhhhh???????

Like the way that an EA was asked to comment on the already far-from-impartial figures. Jasus, the meedya really does me head in -

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http://icwales.icnetwork.co.uk/0100news/02...-name_page.html

Welsh house prices face sharper fall Jan 10 2006

Western Mail

WELSH house prices fell by more than anywhere else in the UK at the end of last year, according to a survey published yesterday.

A Halifax spokeswoman said, "The housing market is expected to be flat in 2006 with modest nominal house price growth and no change in real terms. UK house prices are forecast to rise by 3%, broadly in line with the predicted rise in retail price inflation."

Prices are expected to rise by up to 8% year-on-year by the middle of the year before being pegged back by smaller rises at the end of the year to give an average annual growth of 3%.

Ehhhhhhhhhh???????

Like the way that an EA was asked to comment on the already far-from-impartial figures. Jasus, the meedya really does me head in -

Why is fall always used in the past tense and never in predictions?????

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Love this bit

Martin Ellis, the building society's chief economist, said, "The Welsh property market is in sound health and there's no reason for people to worry about there being a sharp fall in the market."

Nope, no need to worry, in fact people should be rejoicing that this madness is finally coming to it's ugly end.

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Prices are expected to rise by up to 8% year-on-year by the middle of the year before being pegged back by smaller rises at the end of the year to give an average annual growth of 3%.

...with a slight wobble in the middle, perhaps a bit of a pickup around mid-July followed by a slow pullback in early August, say around the 5th...

Might as well throw dice or rune stones. <_<

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Prices are expected to rise by up to 8% year-on-year by the middle of the year before being pegged back by smaller rises at the end of the year to give an average annual growth of 3%.

That's mathematical nonsense! Year-on-year at 8% for half a year is 4%. If the end of year figure is 3% then the 'smaller rises' which 'peg it back' can't be positive - it has to contract in the second half of the year!

Give that Estate Agent a maths certificate!

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http://icwales.icnetwork.co.uk/0100news/02...-name_page.html

Welsh house prices face sharper fall Jan 10 2006

Western Mail

WELSH house prices fell by more than anywhere else in the UK at the end of last year, according to a survey published yesterday.

A Halifax spokeswoman said, "The housing market is expected to be flat in 2006 with modest nominal house price growth and no change in real terms. UK house prices are forecast to rise by 3%, broadly in line with the predicted rise in retail price inflation."

Prices are expected to rise by up to 8% year-on-year by the middle of the year before being pegged back by smaller rises at the end of the year to give an average annual growth of 3%.

Ehhhhhhhhhh???????

Like the way that an EA was asked to comment on the already far-from-impartial figures. Jasus, the meedya really does me head in -

3% fall in three months sounds like Dr Bubb's prediction of "crash cruise speed" last year. Shame it's only Wales, though.

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3% fall in three months sounds like Dr Bubb's prediction of "crash cruise speed" last year. Shame it's only Wales, though.

The question is, why are the VI figures reporting that in Wales but not elsewhere - when, I'm sure, there's stuff like that happening all over the country.

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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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