The latest research by property marketplace, TheHouseshop.com, has found that almost 1 in 4 Londoners believe there will be a housing crash in the next 2 years.
Despite the cooling down of house price growth in the capital over the past 12 months, a sizable proportion of Londoners still believe that we are headed towards another crisis.
The research asked Londoners to say if, and when, they believed the UK housing market would experience a crash. The results showed that over half of Londoners (55% excluding “don’t know”s) believe there will be a crash within the next 5 years, rising to two thirds of respondents (65%) who say there will be a housing crash within the next decade.
Looking at the positives from the results, just 6% of Londoners believed there would be a crash within the next 12 months. There were also just under a third of Londoners (30% excluding “don’t know”s) who said there would not be a crash at any point in the future.