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Bingley Bloke

Graph That Shows House Price:salary Ratio And Recessions...

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Does anyone know where I can find it?

I was discussing the fact that property is overpriced today with a mate who's generally bullish but agrees that property is overpriced. I explained that the average property price has, historically, always corrected to three times the average salary, and that that would now require a fall of 50%, though I reckoned it would be more like 30-40% with some wage-inflation thrown in.

Anway, he said "house prices won't fall 30%, there'll be a recession if they do", like the fact that there would be a recession means they won't! He's probably a tad too young to appreciate what was going on the last time property crashed, but having spent his working life selling mortgages, giving financial advice and, most recently, investigating endowment mis-selling cases, I'd have thought he knew better than most people :rolleyes:

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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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