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Old 28.08.2012, 23:11
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Re: Cashing in Swiss pension and returning to the UK

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Get what you're saying but I am confident that supply and demand in the UK will lead to the inevitable price rise in the very long term. Mortgage to monthly income ratio is the lowest in the last ten years. I'm assuming you've never bought a repo either
Demand is nothing more than the ability to borrow, everybody would like a Ferrari but few can turn that fantasy to a reality.

Uk house prices are huge relative to earnings & way above average. 10 years is a very short term , especially when self cert & interest only mortgages were available to anyone who could hold a pen. That's why prices rose so quickly, no deposit or capital repayment even required!

There is talk of first time buyers being priced out, it's actually impossible in the long term, prices will match what people can afford. If people can only afford 15k deposits on average & banks require 25% deposit, then average prices will fall over 50% to stabilise at 60k. Which would be in most peoples interest......

As house prices rose 100 times in 60 years, it's actually not a god sign for the future. Prices in Spain & Ireland are off 50% from peak, expect the same in the Uk & France soon. Salaries are not rising hover taxes are.
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