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Money Frugality

£29bn wiped off British property market in just three months

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19 minutes ago, Blues Chick said:

Strange that this hasn't garnered more interest from the HPC crowd, surely this is good news?

Already covered in another thread.

 

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14 hours ago, GreenDevil said:

So that means houses will be 4k cheaper then, by the end of the year, whooppeee!!!!

Double whammy =  Savers lose interest + Assets lose value B)

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14 hours ago, GreenDevil said:

So that means houses will be 4k cheaper then, by the end of the year, whooppeee!!!!

If inflation is two percent then they'll drop more than many people earn in a year by the end of the year.

Whoopee.

Edited by the_duke_of_hazzard

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18 hours ago, awaytogo said:

The Lenders must be having a good think about this and possibly thinking about LTV rates.

prudential Regulation Authority is already bringing in new ltv and interest stress tests

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On 16/04/2017 at 9:26 PM, GreenDevil said:

So that means houses will be 4k cheaper then, by the end of the year, whooppeee!!!!

If the rate of change stays the same (-0.4% per quarter) yes, but that rarely happens. If this is the crest of the wave, then -1%, -2%, -5% for the following 3 quarters might not be unthinkable.

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3 hours ago, electrogear said:

If the rate of change stays the same (-0.4% per quarter) yes, but that rarely happens. If this is the crest of the wave, then -1%, -2%, -5% for the following 3 quarters might not be unthinkable.

Wishful thinking!

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On 15/04/2017 at 3:39 AM, maverick73 said:

£11 approx per day since the start of the year. This monstrosity is being underpinned by low interest rates..

I wonder how many would vote if the PM said they would promise to increase the base rate to control inflation???

http://www.itv.com/news/2017-04-14/29bn-wiped-off-british-property-market-in-just-three-months/

Especially as rates have been cut lower to help....

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