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Surrey cash buyer

Telegraph Property Supplement, Saturday

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Front page of the printed version carries the headline "Be warned: markets need to crash"

Word on the street: baffled by the boom

Be warned, however: this does not necessarily mean that now is the ideal time to buy. It seems highly unlikely that this boom will go on as long as the last one, which, give or take a couple of small bumps, stretched from 1999 to early 2005.

It is clear that houses are still overvalued. This means that, at some point, either prices must fall or the rate at which they increase must slow to below the rate of wage inflation - about 4.5 per cent. The Bank of England, which is aiming for the latter, looks likely to raise interest rates later this year, hoping this will bring prices back under control.

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  • 302 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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