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Debate House Prices


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Moody's 40% house price falls, building socities in trouble.

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    The price fall is not far off 40% now in hard currency, but the fall in the value of the pound has disguised half of the drop.

    Good news for all those holders of Euro and Dollars looking to buy executive flats in Barnsley.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    Good news for all those holders of Euro and Dollars looking to buy executive flats in Barnsley.

    A few years ago talking to a guy from Ohio ( never left the USA other than crusing the carribbean). Only ever heard of London and Windsor! So when I said Newbury, and that it was only 70 miles to centre of London. Thought that Newbury was in the suburbs!

    So may not be an easy sell :eek:
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Generali wrote: »
    Good news for all those holders of Euro and Dollars looking to buy executive flats in Barnsley.

    Exactly what I thought. Well, not specifically Barnsley, but you know what I mean.

    It's also good news for all of those average, joe public, FTBers who have been dealing their deposit savings on the global currency exchange markets over the past few years. Because they're all doing that, aren't they?
  • treliac
    treliac Posts: 4,524 Forumite
    Thrugelmir wrote: »
    A few years ago talking to a guy from Ohio ( never left the USA other than crusing the carribbean). Only ever heard of London and Windsor! So when I said Newbury, and that it was only 70 miles to centre of London. Thought that Newbury was in the suburbs!

    So may not be an easy sell :eek:

    So you're in the catchment area for the lovely little Newbury Building Society. I've been looking at remortgaging and came across Newbury BS. Sadly, I don't qualify as they restrict lending to a small and local geographical area!
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    treliac wrote: »
    So you're in the catchment area for the lovely little Newbury Building Society. I've been looking at remortgaging and came across Newbury BS. Sadly, I don't qualify as they restrict lending to a small and local geographical area!

    Was, until 2 years ago. Rural Berkshire became overpriced so I cashed in and moved west. Used to borrow from a wonderful building society called the Cheltenham & Gloucester (pre Lloyds takeover).
  • bristol_pilot
    bristol_pilot Posts: 2,235 Forumite
    London and the South East will be bought up by foreign investors with the right currency when the price is right. Reckon Barnsley is safe though.
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