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Bbc News 24 Comes Over All Property Porn Again

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Just got in from work - turned onto News 24, just in time for the business news. Wasnt really paying much attention but there was some banker or analyst talking about the B&B rights issue. He said that punters were happy to back B&B because they are big on BTL and BTL was doing very well because of the fall in house prices i.e rents are rising because the market is countercyclic to the OO market. He then went on to suggest that because the big banks had recapitalised or will have soon then they would soon start lending again and this would 'kickstart the housing market'. Oh, he also suggested that the BOE would cut rates in the coming months. I was just waiting for him to launch into shortage of supply and rocketing prices mode when they cut the interview. The presenter seemed to have a relieved look on her face , it felt like she was egging the guy on to say that we are on the brink of a recovery.

Plainly a load of old bollo**s but it felt likee an unpleasant blast from the recent past - made me feel quite nauseous.

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Doesn 't surprise me . I was talking to a mortgage advisor today . He admitted that "Buy to let " was dead , but then went on to say that the market has bottomed out . He told me that house prices would , by this time next year , be back to where they were , last year .

The fact he works for an estate agent , was irrelevant , of course ;)

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They will keep on trying until eventually the market does bottom out and then they can actually say they were right. B&B is buggered, the fact their share price closed 1p below the issue price speaks volumes i should think. Countercyclical my ar$e.

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They will keep on trying until eventually the market does bottom out and then they can actually say they were right. B&B is buggered, the fact their share price closed 1p below the issue price speaks volumes i should think. Countercyclical my ar$e.

Just like us really, the market peaked except that property ALWAYS goes up. I am just waiting for the bottom (2 years I reckon, although some are predicted harder and faster and next spring splat) so that I can buy low for the next mad rush. Tulips always bloom again!

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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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