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Michael

Halifax/nationwide Figures

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We have all seen the ads in the property supplements for new build flats with loads of inducements to buy including furniture packs, stamp duty paid and above all the rent guarantees on BTL for a year....

When a flat is marketed at £200k with such deals attached the sundries are obviously in lieu of price cuts......and these can be more than 10% of the asking price but will not show up in the official selling price..........thus overstating the Halifax-type price surveys...I have no idea how much of the market is made up of new build but in the current market this distorts the official figures........

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The EAs and VIs cannot allow the figures to go negative that is why builders will do anything to keep sales figures high. Don't be surprised if we begin to see cars given away with houses as that will put off the day of reckoning for a little while longer.

BTW, went into Stratford today (Waller & Waller) and saw one of the major EAs have closed a main branch near the city center. A trend beginning no doubt.

Edited by Realistbear

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BTW, went into Stratford today (Waller & Waller).

priceless - saw that name and thought of John Travolta and Olivia Newton John :lol:

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The EAs and VIs cannot allow the figures to go negative that is why builders will do anything to keep sales figures high. Don't be surprised if we begin to see cars given away with houses as that will put off the day of reckoning for a little while longer.

Already happening in the US.

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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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