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Ripple Effect Has Reached Nottingham

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For three months I have been entering posts regarding the stagnation in house prices since 2004.Largely due to the fact that during that that time I was based in Doncaster,where that is what I observed.Since the beginning of July I have been staying in Nottingham and the market looks strong with one in two sale boards showing sold in some parts(one in ten in Doncaster).

I am a STRer so this is contrary to what I would like to see.I know some doomsters on this site are just loving this mini boom,on the basis that the higher prices will mean a longer and more protracted crash.However,it begs the question why the monetary committee has left interest rates at this level for so long.My observation is that with spiralling house and retail prices .A possible over-shoot in third quarter GDP(judging by the amount of Eastern Europeans waiting at collection points at all times of the day,to be taken to work in meat wagons,school mini-buses or whatever the Companies can get their hands on).The clowns on the Committee seem to be loosing control of the situation.

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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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