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Home Survey -0.5% Mom -0.2% Yoy

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From the Home Report:

"As the economic indicators point towards a recession in the UK, the number of

buyers entering the property market declines. Already new buyers have been

deterred by the ongoing credit crunch, which has severely reduced the flow of credit

particularly to first time buyers. Until credit is more freely available, demand for

property will not strengthen except amongst cash buyers and with recession forecast

those with cash are unlikely to be spending."

Its going to get (much) worse before it gets better...

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  • 396 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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