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Buying and renting: Your biggest financial decision - in 10 charts


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So in summary:

With the exception of London & the SE, house prices are cheaper in real terms than 10 years ago

In a number of areas house prices are cheaper in absolute terms than they were 10 years ago

More people are buying homes to live in rather than an investment. 

 

Almost resembles a normal housing market. Just a pity wages haven't kept up with inflation. 

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Rightmovee have a great tool - prices paid, transaction numbers, that goes back to 2002.

Does a nice chart.

I enter my local, northern, postcode.

You see a spike 2002-2006 - broens idiot boom.

Then transaction fall off a cliff a never recocer, running at 30-50% what youd expect.

But the prices paid are level for 12years, about 20% off in real terms.

When you chat to people you get yhe doubled, shooting up etc. They barely sell. And this is just at the start of mmr.

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Why choose 2007 to 2017 - are we to believe this is just because its a convenient ten years?  why not 1997 to 2017 and make it twenty years and get a completely different story of nose bleed deliberate wealth reallocation between generations and the poor to the wealthy...that's the story...why don't they tell it?  Or choose five years to illustrate the cynical manipulation of the market in recent years to get this wealth reallocation back on track...

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  • 434 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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