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House Price Falls In Cambridge

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HOUSE prices in Cambridge have slumped by more than £6,000 in a month, according to a leading property website.

Now that is what I call news! I read a farticle by an EA recently that said prices in University Towns will see the greatest increases throughout 2006 due to rising demand and continuing shortages due to rich parents buying their dustbins homes rather than renting digs or staying in dorms.

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HOUSE prices in Cambridge have slumped by more than £6,000 in a month, according to a leading property website.

Now that is what I call news! I read a farticle by an EA recently that said prices in University Towns will see the greatest increases throughout 2006 due to rising demand and continuing shortages due to rich parents buying their dustbins homes rather than renting digs or staying in dorms.

London falls next would be nice...

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The Estate agent quoted in the article is wrong.

Rightmove is an asking price index and is not based on completions. Therefore recent activity does not come into it. RM is a possible leading indicator of future prices.

That makes this figure a bit more significant.

However, just remember that prices blip up and down from month 2 month, this may mean nothing.

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However, just remember that prices blip up and down from month 2 month, this may mean nothing.

But if it was 6,000 pounds _UP_ in a month, it would probably be front-page news on half the national papers.

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The Estate agent quoted in the article is wrong.

Rightmove is an asking price index and is not based on completions. Therefore recent activity does not come into it. RM is a possible leading indicator of future prices.

That makes this figure a bit more significant.

However, just remember that prices blip up and down from month 2 month, this may mean nothing.

In the HPI/HPC world reality has little importance. Its all about perception. Remember what Mervyn King said awhile ago: House prices are a matter of opinion whereas debt is real.

If people perceive a massive £6k drop as significant it may spook them into selling, not buying, or reducing the asking price of their own home believing the sky is about to fall. The VIs are spinning every statistic into something positive for Higher house prices because they know that perception, not reality, is what makes or breaks a market.

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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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