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Telegraph: Uk House Prices Will Escape America's Crash

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Please discuss. (apols if already posted)

http://www.telegraph.co.uk/money/main.jhtm....xml&page=2

Check out the comments too - some real good ones

"...if you fell off a cliff you might have time to observe

that at first the fall is quite slow, then it speeds up

as gravity takes hold..."

Edit: sorry this seems to be an old article but still worth checking out the lively debate in the comments section!

Edited by CrashingPumpkin

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Please discuss. (apols if already posted)

http://www.telegraph.co.uk/money/main.jhtm....xml&page=2

Check out the comments too - some real good ones

"...if you fell off a cliff you might have time to observe

that at first the fall is quite slow, then it speeds up

as gravity takes hold..."

http://www.guardian.co.uk/money/2008/mar/2...s.housingmarket

How boom quickly converted to bustRepo man comes calling at former mill's flats bought at the height of rush for riches
With its double-height living room and views across the Pennines and Manchester's city centre, the two-bedroom apartment in a converted Victorian biscuit factory must have seemed fairly priced to Christopher Williams at £236,500.
Now, three years on, Williams's outlay for a slice of the city-living dream looks ridiculous. His flat has been repossessed and will go under the auctioneer's hammer tomorrow with a guide price of £100,000.
...../
Mitchell's father bought the three-bedroom flat for £170,000 after it was repossessed last year. But it is likely he has lost money on it already. The estate agent Jordan Fishwick has agreed to sell a similar-sized flat in the neighbouring block for £117,000 - £110,500 less than the original purchase price in April 2005.

The news on the ground suggests that our crash is already surpassing the US in certain areas such as Manchester. Down over 50% since 2005.

Howver, the VIs continue to suggest that property is not falling by these kinds of amounts which may suggest the Guardian's artcile is exaggerated. Then again.....

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Please discuss. (apols if already posted)

http://www.telegraph.co.uk/money/main.jhtm....xml&page=2

Check out the comments too - some real good ones

"...if you fell off a cliff you might have time to observe

that at first the fall is quite slow, then it speeds up

as gravity takes hold..."

Edit: sorry this seems to be an old article but still worth checking out the lively debate in the comments section!

Without clicking on the link, I bet this is an article by Liam Whatisname......he's so behind the curve as to be horizontal. Either that or he's got a massive VI like a huge btl portfolio.

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Please discuss. (apols if already posted)

http://www.telegraph.co.uk/money/main.jhtm....xml&page=2

Check out the comments too - some real good ones

"...if you fell off a cliff you might have time to observe

that at first the fall is quite slow, then it speeds up

as gravity takes hold..."

Edit: sorry this seems to be an old article but still worth checking out the lively debate in the comments section!

Re. Comments, Liam gets his **** kicked

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http://www.thriftyscot.co.uk/032008/englan...rices-fall.html

England and Wales see house prices fall

March 27, 2008
Experts have stated that house prices have been falling at their fastest pace since records began across England and Wales. According to officials from the Royal Institute of Chartered Surveyors house prices have plummeted at the fastest pace since 1978, when records first began.
Every region of England and Wales is being affected by the problem, partly fuelled by the credit crunch.
Homeowners have also reported that they have experienced difficulties in selling their homes, as the credit crunch takes its toll on affordability and accessibility to funds for potential buyers.
Many sellers are finding that when they do get offers they are way below the asking price, which is resulting in more properties staying on the market for longer. It is thought that the level of properties remaining on estate agent books is at its highest in ten years.
One industry expert said that the build up of houses remaining on the market gave potential buyers the leverage to put forward lower offers, stating: ‘The build-up of unsold properties will encourage buyers to negotiate lower asking prices.’
An estate agent stated:
‘Sellers are having extreme difficulty finding buyers. The market is just not performing as it should be as we approach the prime selling months.’

Cue: Johnny Cash: Down down down, right on down.

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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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