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Average price of a home falls by £14,000 in a year (www.bbc.co.uk)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 2 years ago

You should keep in mind that decent homes are not in the market right now. What is being sold is mostly just dilapidated crap. This creates an illusion that housing prices are going down, but they're not. We will only be able to draw any conclusions once mortgage rates become more affordable. There's a huge possibility that if tomorrow rates will drop to 2021 levels then we will see that house prices went up and it will be a huge spike.

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