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Lower than expected

Lower as in "more negative" (as i'd understand it to mean) or lower as in "smaller magnitude", which lots of people seem to think when it comes to negative numbers?

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Well, that wasn't worth waiting for. What is the Yoy?

2% MoM not exciting enough? Gosh, we're getting a bit blase these days.....

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Well, that wasn't worth waiting for. What is the Yoy?

Indeed things are improving, wasn't it 2.5% last month?

so it is bottoming out.

Must rush back into the property market RIGHT NOW.

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Guest DissipatedYouthIsValuable

So. On an average home bought at £200,000 with a 90% mortgage we're looking at a capital loss of about £4000 and an interest payment of about £600.

£4600 lost this month. More than 3 months of wages for the average worker struggling with rising general inflation.

Now that's dead money.

Edited by DissipatedYouthIsValuable

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2% is huge in one month.

Exactly ... if that rate of fall was maintained, it would amount to 27% over a one year period.

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IT'S NOT 6.1% YOY

IT'S AROUND -8.6%

sorry for shouting but this really annoys me falling for hbos spin. it's a 3-month average

i've posted separately

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How come YoY is still so low?

I was expecting it to be nearer 10% to be honest.

Ignore this - I thought it was 6.1

Edited by Fred

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Exactly ... if that rate of fall was maintained, it would amount to 27% over a one year period.

If it continues then a the average house will be worth £1 in june 2058. ;)

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Indeed things are improving, wasn't it 2.5% last month?

so it is bottoming out.

Must rush back into the property market RIGHT NOW.

Yes, Fionnula or whatver the name surely will come with smth like 'the speed of negative decline has clearly decelerated since previous month so bla bla bla' :P

Edit: last month was -2.4% MoM

Edited by Meerkat

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If you were a member of the MPC (not Blanchflower), wouldn't this blatant attempt to influence the results really p*ss you off?

They ignored house prices on the way up so they should do the same on the way down.

Edited by Crash Buyer

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  • 395 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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