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Realistbear

N A R Respond To R I C S Report A Few Hours Later

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http://www.naea.co.uk/the_naea/general_pub...id=232&PageNo=1

HOUSING MARKET ZOOMING AHEAD IN FIRST QUARTER OF 2006 18 / Apr / 2006

The monthly housing survey conducted by the National Association of Estate Agents (NAEA) has revealed that house sales have increased in March for the third month running demonstrating that
consumer confidence really is back
. A
fast paced market
is also reported with the time taken to sell decreasing, also for the third month in a row. Meanwhile
first time buyers have been reclaiming a larger share of the market whilst competing with a rise in investors looking for buy to let opportunities
.

Well, here in the West Midlands most of the EAs have 20% of their sales as "no upward chain" which suggests BTL/Investors may be exiting. RICS say unemployment is hurting the market with more sellers than buyers. So who do we believe now?

We have had "flying off the shelves" now it "zooming ahead" what ever next? "Price going up up and away as FTBs are left with their faces in the dust?"

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http://www.naea.co.uk/the_naea/general_pub...id=232&PageNo=1

HOUSING MARKET ZOOMING AHEAD IN FIRST QUARTER OF 2006 18 / Apr / 2006

The monthly housing survey conducted by the National Association of Estate Agents (NAEA) has revealed that house sales have increased in March for the third month running demonstrating that
consumer confidence really is back
. A
fast paced market
is also reported with the time taken to sell decreasing, also for the third month in a row. Meanwhile
first time buyers have been reclaiming a larger share of the market whilst competing with a rise in investors looking for buy to let opportunities
.

Well, here in the West Midlands most of the EAs have 20% of their sales as "no upward chain" which suggests BTL/Investors may be exiting. RICS say unemployment is hurting the market with more sellers than buyers. So who do we believe now?

We have had "flying off the shelves" now it "zooming ahead" what ever next? "Price going up up and away as FTBs are left with their faces in the dust?"

A lot of those no onward chains will be reposessions. A lot of auctions due to reposessions...

http://www.barnardmarcusauctions.co.uk/

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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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