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Mancunian284

More props? Or genuine help for FTBs?

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My first thought on reading this was what can you buy for £350k in London?  Unless they’re admitting/expecting a drop in prices.  The more I read at the moment, the more I think we are seeing the death throes of a property bubble.

http://www.thisismoney.co.uk/money/mortgageshome/article-5353137/UK-buyers-dibs-London-new-builds-350k.html

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2 minutes ago, Mapatasy said:

In other words...

"UK home-builders brickin' it as Buy-To-Let market crumbles and foreign investment dries up"

Yep, there is no one else buying so we’ll hope there are some desperate first time buyers out there that are naive enough to mortgage themselves up to the hilt to buy one of our shoddily built flats.

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This will prompt a lot of house builders to price at >£350K in the first instance to try and get a foreign investor bite.

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1 hour ago, Mapatasy said:

In other words...

"UK home-builders brickin' it as Buy-To-Let market crumbles and foreign investment dries up"

Exactly, nothing to do with helping FTBs. Just making sure there is a mug out there to buy these overprice boxes.

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36 minutes ago, Wayward said:

This will prompt a lot of house builders to price at >£350K in the first instance to try and get a foreign investor bite.

It's voluntary anyway. They'll price them at what they like.

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  • 407 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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