Personally, not met anyone whose wages are up 20%. In fact, temp contracts are the order of the day, and one large financial co has made all manner of cuts incl business travel.
As for prices rising, not here, not so far anyway. Which is unsurprising, as wages are massively out of kilter with the prices already. The market might get a boost from foreign money, though, that I wouldn't rule out.
Anecdote I know, but posting anyway.
On another thread, Harry warned a poster in the summer of 2013 that property hadn't stopped falling yet (about 6 momths ago, I can't find the thread, it was a short one).
A flat on an estate in my area was 499K 6-12 months ago. It was quite big. I don't think it ever sold. I posted about it somewhere here.
Across the road (20 metres away), same estate, very similar or identical spec. Same size or larger, good interior. Now 400K. (It should sell now, probably, although my own view is it's still 100K over-priced.)
As for prices rising, not here, not so far anyway. Which is unsurprising, as wages are massively out of kilter with the prices already. The market might get a boost from foreign money, though, that I wouldn't rule out.
Anecdote I know, but posting anyway.
On another thread, Harry warned a poster in the summer of 2013 that property hadn't stopped falling yet (about 6 momths ago, I can't find the thread, it was a short one).
A flat on an estate in my area was 499K 6-12 months ago. It was quite big. I don't think it ever sold. I posted about it somewhere here.
Across the road (20 metres away), same estate, very similar or identical spec. Same size or larger, good interior. Now 400K. (It should sell now, probably, although my own view is it's still 100K over-priced.)