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music man

Huh

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The most interesting comment is right at the end....

"We've already had one danger sign: a fall in the turnover of property. But the sign I will really be looking out for is a drop in mortgage lending. At that point the market will be in trouble."

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"We've already had one danger sign: a fall in the turnover of property. But the sign I will really be looking out for is a drop in mortgage lending. At that point the market will be in trouble."

He's spot on. The first warning shot was fired around August 2004, when there was a sudden drop in transaction volumes.

That was the time to get out.

Since then the market has been erratic, with little direction.

The next stage will be a dramatic drop in mortgage lending. When that happens, it's game over.

Edited by BandWagon

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The next stage will be a dramatic drop in mortgage lending. When that happens, it's game over.

drop in what ?

All mortgage lending , mortgage lending on house purchases or remortgages?

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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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