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Land Reg prices only up 1.1% YoY in January and down 1.1% from December


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The Mail has this, and I am surprised as I thought the market might have recovered a bit after the election. I do think February might be better, before COVID destroys the market thereafter.

House price growth had already slowed in January - now the market faces sluggish sales as viewings stop and moves are paused

Some really nice graphs in the article and choice quotes feeding the Bears here pure honey:

Quote

On a non-seasonally adjusted basis, average house prices in the UK fell by 1.1 per cent between December and January, compared with a decrease of 0.6 per cent in the same period a year ago.

and

 

Quote

In a worst case scenario, some experts think property prices could fall by as much as 20 per cent this year as a result of the pandemic.

 

Edited by HovelinHove
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  • 415 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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