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crazypabs

HM Land Registry Price Paid Data May 2018 New Release

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Of the 83,429 sales received for registration in May 2018 [...] 11,286 were newly built, a 12.9 % increase on May 2017

Sounds like HTB is the main reason why the market is not crashing yet.

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4 hours ago, crashbaby said:

Sounds like HTB is the main reason why the market is not crashing yet.

Second hand stock should be falling in price by now....FTBs being duped into new builds with HTB and BTLers being discouraged with tax rule changes...who is bidding up the price of lower end existing stock....?

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3 hours ago, Wayward said:

Second hand stock should be falling in price by now....FTBs being duped into new builds with HTB and BTLers being discouraged with tax rule changes...who is bidding up the price of lower end existing stock....?

I understand that house buliding is at a medium term record. If the new build premium is NOT being filtered out of house price data, then is that large % of newbuilds skewing the average and hiding average house price falls?

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If the cost of new housing increases, doesn't this just drag up the cost of existing housing?

 

I didn't want to believe it were true, but the effects seem quite apparent where I live now (staffs).

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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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