Wednesday, August 14, 2019

Brexit ‘s fault….Ben sur

House prices in south of England fall for first time since 2009

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Posted by techieman @ 01:19 PM (2687 views)
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6 thoughts on “Brexit ‘s fault….Ben sur

  • tenyearstogetmymoneyback says:

    I am in Dorset and have noticed how long local houses are taking to sell or not sell at all. There is one across the road at what would have been a good price a couple of years ago has been on the market for months.

    I’m not at all surprised by the situation. Traditionally people retire here from London pushing prices up for the locals. If they can’t sell in London they can’t buy here.

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  • The Fed boys will soon be off to Jackson Hole, ECB will be firing up some fresh QE and the BOE will be looking to cut from 0.75% so rest assured the tide that floats all boats will lift property prices. If anyone wants a lovely Norwegian style mortgage where you actually get paid to take it out you better hurry because I’ve only got 5 left in my bag for this week !

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  • Hi Jack

    Commented on Woodford’s woes in the Hendry post. Hope things are good with you.

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  • Thanks for posting techieman. I’m watching a few areas at the moment and see quite a lot of reduced prices on Rightmove e.g. Brighton, Dunfermline. Prices in Brighton are still ridiculous though, my son (age 43) and his girlf are expecting a baby in Oct and can’t see themselves getting out of the rent trap any time soon. And if any of us grandparents clubbed together (all divorced!) and bought them a small place we’d be hit with an extra 7% in stamp duty or whatever they call it these days.

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  • Hi TM – I’ve just posted a brief reply on the other thread. Hope everything is OK with you.

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  • What the headline should say is that prices in the SE have been falling on an annual basis since at least the beginning of June ie a quarter! In other biased reporting on stats, LSL Acadata headline that prices are now rising again in London on a y-o-y basis, “bouncing back”. Whereas their report itself makes clear that prices are still falling in 2/3 of London boroughs, and that the “increase” is due to a clutch of outlier properties changing hands in Kensington and Chelsea, dragging up the mean value of property sold. I wonder how mansions are included in mix adjustment?

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