Half of estate agents reported that average selling prices
are no longer exceeding asking prices for properties worth up to £500,000 and vendors
properties priced at £1m or more are forced to accept lower offers. Only 39%
say average sales prices of properties £500,000 to £1m are over asking price.
Open
House South Herts is advertising property deals in the north of the UK from
just £30,000 asking price with yields of between 10 and 15%. – see https://www.facebook.com/estateagentswatfordelstreeandborehamwood
UK economy shrinks Q2 as recession looms
The UK economy officially shrank between April and June as the
Bank of England predicts the country will fall into recession later this year.
The economy or GDP contracted by 0.1% in the second quarter
of the year, the Office for National Statistics (ONS) reports, but is not yet
in recession because it grew by 0.8% in the first quarter.
A recession is defined as the economy getting smaller for
two consecutive three-month periods.
The US economy has declined in the first two quarters, but
is not officially in recession by their measures.
Banks not passing on interest rate rises to savers!
See: video - https://youtu.be/5Z1DVXkCcfo to see
what can you do to make more of your savings.
Make your money work harder for you…See: 6 Tips to get on the property ladder - https://youtu.be/F4spqKpYZo4
Learn how to get started as a first-time property buyer.
A slowdown in the property market means more opportunities
for buyers and investor!
Find out more about property investing.
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who have built huge portfolios with other people’s money.
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