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This is what I've been saying for a long time, Howard: house prices in the UK are artificially hyped, at least three times more than they should be. Yet the article would suggest even six to eight times higher.
It is a result of houses being sold at non-real-market prices, and needs addressing through an Act of Parliament.
Houses should only be sold at their real market value, which must not be left open to speculation and to cowboy-privateer interpretations.
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