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Haart London Figures

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Guest Baffled_by_it_all

London house prices have risen for the eighth consecutive month

* Average London house prices increased by 1% in May to £250,137

* The level of first time buyers remains at 27% of the market share?

27% - how can that be right when the UK average is 7.2%?

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London house prices have risen for the eighth consecutive month

* Average London house prices increased by 1% in May to £250,137

* The level of first time buyers remains at 27% of the market share?

27% - how can that be right when the UK average is 7.2%?

Depends on how you define FTB

CML, use people that haven't had a mortgage in the last six months.

NAEA I believe use people who have never owned before.

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Depends on how you define FTB

CML, use people that haven't had a mortgage in the last six months.

NAEA I believe use people who have never owned before.

So what does that indicate? A high level of STRs throwing in the towel? <_<

Edited by Magpie

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So what does that indicate? A high level of STRs throwing in the towel? <_<

Or anyone who has paid off their initial mortgage buying to invest. A good chunk of BTLs would fall under this category. Would someone who had paid of their mortgage and then decided to MEW fall into CML's definition of an FTB KON?

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London house prices have risen for the eighth consecutive month

* Average London house prices increased by 1% in May to £250,137

* The level of first time buyers remains at 27% of the market share?

27% - how can that be right when the UK average is 7.2%?

27% refers to the amount of FTBs registered and looking to buy, 7.9% is those that can afford to buy, or perhaps just as revealing, those that are not prepared to buy the ticket to sail on this ship of fools unless on their own terms ;)

Edited by Converted Lurker

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So what does that indicate? A high level of STRs throwing in the towel? <_<

Hi

Nope, it always seem to be about the same. I suspect with house prices not wizzing up, and to help complete chains, more people are willing to move into rentals for a short period.

With reagrds to BTL, they will be classified as BTL.

The NAEA number of FTB are IMHO a bit subjective, as it askes the EA to decide (Without knowing the mortgage), who is a FTB and I suspect they will only uses young people. A Person over 35 going in, would probably not be mentally classified as a FTB to an EA.

Anyway, real (IE entering the market for the first time), are propbably somewhere between the two IMHO.

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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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