Reply To: Emperor with no clothes?

#79497

Anonymous
Participant

I must stop doing this…

Now look at Harrogate, selected because I have family living there, and I know of the HUGE rises in property prices. Again this road was random, but it was about the 5th road chosen where I could find a house sold pretty recently having been sold 5 years previously.

Hookstone Drive, Sold August 07 625k, sold May 02 305k, 105% increase, Annual rise of 15.5% (compounded).

Now not necessarily Harrogate but it will be similar regions that will see large price falls because they have massively outstripped wage inflation over the last 5 years.