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35.9% plunge in year-on-year house sales - June 2020


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4 minutes ago, Locke said:

Exactly- how bad was it last year that they are only 36% down on that?

@spyguy

Not great.

https://tradingeconomics.com/united-kingdom/mortgage-approvals

No matter what BS the Eas, Pols, local paper and BBC spin, always look at mortgage approvals.

~80%+ of houses sold need finance.

The 36% down bit only looks good as all transactions locked up in March, April and May. i.e. the June number is actually people who'd have bought in April + May, starting before the purchase before the lockdown.

The figures you need to look for ar Q3 onwards.

On a side note, Im seeing the harbringers of doom appearing on London Gazette - publicans, small builders/loft converters.

 

 

 

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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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