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renterbob

Have Sky Become Bears?

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'The warning signs of a property crunch are clear if you visit one of Britain's many housing auctions.

I watched in Derby as 34 homes, repossessed from their owners, went on sale. Only half sold.

One, on the market with Northern Rock, had been on sale at £115,000 just six months ago. It has now sold for £69,000.

Local estate Michael Brain, at the auction to "test the market" (his words) put it succintly. Volumes of properties on sale, in his view, are down 75%.

Prices are down 20% in his part of Derbyshire and Leicestershire - with more to fall'

http://news.sky.com/skynews/Home/Business/...ay%2BThe%2BSame

'With more to fall'.

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'The warning signs of a property crunch are clear if you visit one of Britain's many housing auctions.

I watched in Derby as 34 homes, repossessed from their owners, went on sale. Only half sold.

One, on the market with Northern Rock, had been on sale at £115,000 just six months ago. It has now sold for £69,000.

Local estate Michael Brain, at the auction to "test the market" (his words) put it succintly. Volumes of properties on sale, in his view, are down 75%.

Prices are down 20% in his part of Derbyshire and Leicestershire - with more to fall'

http://news.sky.com/skynews/Home/Business/...ay%2BThe%2BSame

'With more to fall'.

See my thread shortly on auction slump.

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Nice Avatar, Bob.

Is that you negotiating a house purchase ?

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You mean the Sky where if one news channel is showing the weather the other ten are also showing weather and the same goes for sport ?

The Sky company where all ten news channels all show the same bit of fill in news where Mr Smith is trying to make a tea cake ?

Sky shows what ever it's puppet master tell it to show so watch out for shoppers begging for gas/electric prices going up.

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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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