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Credit Is The Future House Price Driver

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This graph bit is a bit of a drag: (see attached graph):


The Greater London house price indices show a distinctly convergent trend indicating

a continuous increase in the Asking Price :Sale Price ratio since the height of the

London boom, when Asking Prices reached their peak in July 04. Such had been the

upward momentum that Sales Prices trailed at ca 80% of the Asking Price in July 04

catching up to around 93% of the Asking Price in May 06. Such a convergence of

Asking Prices and Sale Prices may be taken to signify an end to the more speculative

selling practices and a return to more stable market conditions. Despite a downward

trend in Asking Prices, in response to affordability constraints, actual transaction

values have increased over this period albeit much more slowly than in the previous

two years.

Can anyone throw a more positive light on this data please?


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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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