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Nationwide Sep 17 - data out Fri morning

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In July 2007...I wonder what the Northern Rock index would have said 

 

In a country that'd prepared to use tax payers cash to bail out bankers without anyone knowing ain't going to start telling us house prices are collapsing.

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7 minutes ago, Trump Invective said:

Does anyone know whether the Forex predictions are usually in the same ballpark? It was suggesting 0.3 increase a couple of days ago. 

 

6 minutes ago, Trump Invective said:

Ah sorry hadn't seen this before

I just took that forecast from Forex. If you click on the graph in the calendar next to the Nationwide index you'll see how the previous forecasts and actuals measure up.

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+0.5 although Rightmove is showing alot of reductions but those who are seriously selling (not like many of the houses that just get withdrawn) like the ex forces houses at lakenheath are still going to on at higher prices.

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23 minutes ago, Lavalas said:

London down -0.6% YOY

And of course this is just sold properties... Just wait until the glut of unsold SW8 flats start being offloaded for peanuts.

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9 hours ago, TheCountOfNowhere said:

In July 2007...I wonder what the Northern Rock index would have said 

 

In a country that'd prepared to use tax payers cash to bail out bankers without anyone knowing ain't going to start telling us house prices are collapsing.

Who'd a thought it.

How are the sales volumes looking ?

How much did they change last months ?

I'd imagine the bankers will be happy to keep prices going up 2% now for ever.

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Shock, London estate agent gets it:

'The real shock isn’t that London house prices are falling, it’s that they rose so high for so long.

So argues Lee James Pendleton, head of independent estate agents James Pendleton. He hopes that a drop in prices will help more people into the market.

“London has been the torchbearer of quite unbelievable growth in recent years but it has been an overvalued market for at least the last three years.

“This shows vendors and agents are becoming more realistic but you’ve got to use an agent that is going to tell you what you need hear. People have got so used to prices going up and the result is too many people have been priced out. London cooling is going to really engage buyers and put us on a better, more stable footing towards the end of the year.'

https://www.theguardian.com/business/live/2017/sep/29/london-house-prices-fall-uk-growth-economy-lagarde-imf-business-live#comments

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6 minutes ago, Doctor SickoPants said:

Shock, London estate agent gets it:

'The real shock isn’t that London house prices are falling, it’s that they rose so high for so long.

So argues Lee James Pendleton, head of independent estate agents James Pendleton. He hopes that a drop in prices will help more people into the market.

“London has been the torchbearer of quite unbelievable growth in recent years but it has been an overvalued market for at least the last three years.

“This shows vendors and agents are becoming more realistic but you’ve got to use an agent that is going to tell you what you need hear. People have got so used to prices going up and the result is too many people have been priced out. London cooling is going to really engage buyers and put us on a better, more stable footing towards the end of the year.'

https://www.theguardian.com/business/live/2017/sep/29/london-house-prices-fall-uk-growth-economy-lagarde-imf-business-live#comments

odd they didnt mention it to all the mugs they sold to.

 

Edited by TheCountOfNowhere

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  • 297 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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