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John The Pessimist

Housing Market 'resilience' Keeps 95% Mortgages Alive!

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We should go for it fully and have perhaps 200% mortgages and really get the economy moving...

Kind of like buy one house and get another mortgage for another free + interest and fees. So you buy a house that really should be £100k and have to mortgage it for £200k.

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Just received this email from Savills. Supposed to be reassuring but isn't - not received one before. In fact I don't even know how long I've been "signed up".

As we enter the autumn market there is significant comment about the housing market in the press – some reporting house price growth, others reporting significant falls. The reality is that the impact of the referendum on the sentiment within the market has yet to become clear and the market is difficult to read. Having said that we at Savills had an active August and are looking forward to a busy autumn.

As always, sellers who are both realistic and flexible on price expectations will attract committed buyers, and we have seen some good sales go through; generally though buyers are showing more caution, particularly in the more expensive price brackets, where there is the added complication of increased stamp duty.

We have set up a dedicated page on the website for all of our research on the property market since the referendum, so for more in-depth analysis visit savills.co.uk/brexit.

At Savills we are determined to maintain our position as market leaders, and this autumn sees the launch of a new marketing campaign, which includes TV advertising, reinforcing our commitment to delivering exceptional client service to both buyers and sellers.

You may have seen our advertisement on ITV last night during ‘Victoria’, if you didn’t, take a look here.

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