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Big E A Admits That Hpc In His Area Is Due To Ftb Loss

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House prices show four per cent fall
AVERAGE house prices in the area have fallen by more than four per cent, just months after topping an average cost of £150,000 for the first time.
The Land Registry figures from January to March reveal the average house price in the area has fallen by 4.1 per cent, bucking a national trend of a five per cent price rise.
Charles Orlebar is an estate agent in Rushden and chairman of the Northamptonshire branch of the National Association of Estate Agents.
He said: "In our area a reason for the price dip is that it all starts at the bottom with first-time buyers.
"Here, there is not the average wage to match the price of the housing stock in the first-time buyer bracket and as a result these values have been the first to be amended for the buyer.

It's worth repeating:

He said: "In our area a reason for the price dip is that it all starts at the bottom with first-time buyers

The Awakening to reality begins, slowly at first, then the dawning of the realisation that when prices are too high people don't buy. When people don't buy prices fall.

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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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