Britain Faces Its Biggest Housing Crash on Record The era of cheap money led to soaring house prices – now homeowners face a brutal reckoning Claire Edwards and her husband John Marsh bought their £420,000 home in 2019, securing a five-year fixed mortgage at a bargain rate of 2.5%. But… Read More »Britain Faces Its Biggest Housing Crash on Record
UK Faces Longest House Price Downturn in the Western World Amid Rising Interest Rates Introduction: The housing market in the UK is bracing for an extended period of decline as shockingly high official interest rates have sent shockwaves through the mortgage market. According to Oxford Economics, property values across the… Read More »UK Faces Longest House Price Downturn in the Western World Amid Rising Interest Rates
House prices starting to fall significantly are they about to crash Residential property prices are falling across the UK, led by inner London where they have dropped by 10.4% in the last two months, representing a loss of £82,000 in average listing prices, new research shows. Many regions outside London… Read More »House prices starting to fall significantly are they about to crash