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Just an observation from the Lincoln area...

Alot more properties on the market over the last 3 weeks, a couple of token reductions 2-5k ish, an occasional 10k.

The most interesting thing though is the asking prices of properties coming onto the market seem to be lower, Propertybee obviously isn't able to show this so it's really just my judgement.

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I have been keeping a careful watch on the Echo of late and am amazed at the number of new and reduced properties... although I haven't noticed too many new houses with lower asking prices, they still seem shockingly expensive given some of the areas. The County Property Auction (JH Walters) was interesting though in February, most houses only just reached their guide price (one in Sincil Bank fetched a bit more, I have no idea why?!!) but plots of land and woodland were fetching well over their guide. Makes for interesing reading and looking forward to seeing how many more houses there are in the next auction.

JB x

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  • 295 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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