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Oh That'll Just Be The 'normal' 2% Fall In Prices...

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Nationwide reporting price falls, so whereas when they report price rises this would make the front page on the BBC news website, but news of price falls are tucked away so fewer people will see them....

Classic spin from the beeb tho;

The latest survey of the market by the Land Registry reported that UK house prices went through their normal seasonal slowdown towards the end of last year, falling by 2% in the last three months of 2005.

So dont worry FTB lemmings, a 2% fall in prices in the last quarter is quite normal, dont whatever you do get worried by this :lol:

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Guest Riser

They also don't mention that a lot of the BTL mortgages taken out over the past six months will hae included those from landlords looking to take advantage of the SIPPS give away which Brown cancelled in his November pre budget speech.

.....And the building society says landlords taking out buy-to-let mortgages have been a big factor behind the market's recent buoyancy.

It reveals that in the last six months, the number of buy-to-let mortgages in existence has grown by 11% - a much larger increase than the 1.3% rise in the total stock of all outstanding home loans.

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The BBC website have placed the Nationwide report as a non-headline item. You have to click on the small menu at the right of the page. When Hometrack and Rightmove reported increases over the same period it was headline news.

Now why would that be?


(At least they headlined the RBoS news which was nice as I am a shareholder!)

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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
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      • up 5%

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