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House prices in southern England have fallen by 13% in the past 3 years


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2019 Apr 25, 7:14am   587 views  4 comments

by Patrick   ➕follow (59)   💰tip   ignore  

https://www.mirror.co.uk/money/house-prices-southern-england-fallen-14563440

A new Zoopla index, which looks at the UK's 20 biggest cities, found homes have fallen by 13% in the South between the full calendar years of 2015 and 2018. ...

Sales in London and Cambridge are down 20% on 2015 levels. ...

Zoopla said affordability pressures and higher stamp duty costs have particularly affected the South, with Brexit uncertainty also being a compounding factor.


I bet high priced areas of the US are also falling, and this is being hidden by realtors.

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1   Bd6r   2019 Apr 25, 8:09am  

Patrick says
House prices in southern England have fallen by 13% in the past 3 years

That is fantastic news. Less money for Realtwhores(TM) and banksters. Brexit has actually been good for something.
2   MisdemeanorRebel   2019 Apr 25, 9:26am  

@Patrick

Hamptons Luxury Homes pile up unsold


There were 869 luxury properties available at the end of the first quarter -- almost triple the supply from a year earlier and the most in seven years of data-keeping by appraiser Miller Samuel Inc. and Douglas Elliman Real Estate. While higher-end homes piled up, buyers flocked to deals below $1 million. Those made up 59 percent of Hamptons sales in the quarter, the firms said in a report Thursday.



https://www.bloomberg.com/news/articles/2019-04-25/luxury-loses-luster-in-the-hamptons-as-high-end-homes-pile-up
3   NuttBoxer   2019 Apr 25, 12:44pm  

I guess people aren't so into the new Londstabistan...
4   Patrick   2019 Apr 28, 12:41pm  

Nice graph from the Bloomberg article:

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