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See, We're Not All About Doom And Gloom!

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See, we're not all about doom and gloom!

It would also seem that if you look closely enough neither is everyone in the press. Well I guess it depends who you are and where you are.

The following is reportedly to cheer us all up, well point number 1 is good for some of us on this site, but not MB1 or wolverine.

http://news.bbc.co.uk/1/hi/magazine/7513563.stm

1. HOUSE PRICES ARE UP

Believe it or not, they're still going up in places and still higher than a year ago almost everywhere. It was roundly ignored last week in favour of more gloomy surveys but, according to the house price index compiled by the Department of Communities and Local Government, using data on all completed sales (and so more comprehensive than the partial surveys by the Halifax and Nationwide), in most areas house prices are still up on a year ago. Only in Northern Ireland do they show a fall. In London, the annual rate of house price rises actually went up - from 7.5% in April to 7.8% in May."

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See, we're not all about doom and gloom!

It would also seem that if you look closely enough neither is everyone in the press. Well I guess it depends who you are and where you are.

The following is reportedly to cheer us all up, well point number 1 is good for some of us on this site, but not MB1 or wolverine.

http://news.bbc.co.uk/1/hi/magazine/7513563.stm

I read that article earlier. Its toe curling. Its the journalistic version of that song by REM called "Shiny Happy People". Great band but terrible song...

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Woohoo! Horray for high house prices! :blink:

Now, all we need is some expensive food and oil to buy and then I'll be happy as a pig in sh*t. Oh, we already have those too? :unsure:

BTW, Haliwide are based on mortgage approvals, where as this is for completions. Expect this data to therefore lag Haliwide. ie. this data will show pretty much the same as Haliwide pretty soon too.

P.S. Why is this from April to May too? We're almost at the end of July now...

EDIT: typo

Edited by Traktion

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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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