"Growth in Wales and the west of England was offset by a sustained fall in London and falling prices in the South East for the first time since 2011."
He added:"Elsewhere in the UK, however, house prices continued to rise. The highest price growth was in the North West, with annual house price inflation of 4.0%. The Midlands also maintained strong annual house price growth, particularly in the West Midlands, with annual growth of 2.9%." "Pent up demand has been building for months and Brits are ready to move. The extended negotiation period is not going to stop them."
That'll be because their over-inflated valuations, when Tories came to power. Suddenly homes that wouldn't sell at 140,000 were valued at 200,000, now they are trying to say they're worth 300,000. No sales. They are only worth what someone else can pay for them.
As a young person trying to buy, I can agree that this isn't a bad thing. But unless the banks start lending, the younger generations are still going to struggle to buy. Deposits of 30k on a 2 bed semi is obscene.
What a surprise, a breakout of common sense. Long may it continue.
The market's dead. I've seen hundreds of properties on sale for over 6 months in the areas that I've been looking at.
This is a good thing it’s out of hand already
Great news
Surely this is GOOD news for young people
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