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Wishful Thinking

Jamie Oliver's Fault... Prices Now Soaring Newqay

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"Just 16 years ago Newquay had been one of the cheapest places in Britain to buy a home, but since then prices have risen several times over.

Land Registry figures for late 2005 showed the average house price in the town was £215,935 - compared to the typical England and Wales average of £193,979.

However, property consultancy Hometrack, which bases its data on more recent estate agent sales figures, said homes in the area were now selling for an average of more than £231,000."

Hmmm... now what will it be? £50,000 renovation project in a beautiful 'chavfree' village in France or £231,000 for that holiday home in Newquay 'stag party' weekend destination of the UK, arcades, nightclubs... drunk people urinating/being sick outside your home.

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I've been taking holidays in St Ives, which is just down the coast from Newquay, for about 16 years. During that time the A30 has been massively improved, hugely easing access into Cornwall by road. More people have holidayed there as a result and most that go there fall in love with it and want to move there... hence the HPI. Thats what I think anyway.

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Sir Gordon Ramsay may be getting offers to set up a restaurant and spike local HPI by a good 10-20%. All the EAs could club together and buy him a place as the spin off buying frenzy would more than compensate.

Mad, they have all gone mad....... :blink:

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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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