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TPP485: Is the property boom over? (Half time report)

The Property Podcast

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Is There a Recession in the Uk?

If unemployment stays low and wages aren't falling dramatically in real terms, then it's probably not really going to make any difference to anything. The other reason is wages the under in people's ability to pay their mortgage and pay more for houses. So far, so far, wages are just about keeping up with inflation. Something else we need to take into consideration is that inflation is really high, and property prices are doing strong as well. And there's nothing in the data at the moment indicating that’s going to change. Ithink all signals are pointing towards this year being a great year for house prices.

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