Housing market crash predicted by majority of Brits


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http://www.propertyreporter.co.uk/property/1-in-5-say-btl-is-still-a-safe-bet-investment.html

As property sales decline across much of the UK and prices fail to maintain their upward momentum, property marketplace, TheHouseShop.com, thought now would be a good time to assess the future of the UK housing market.

Overall housing market activity is now well below pre-crash peaks, with sales volumes in England and Wales down by more than a third from 2006 to 2016. In fact, just in the year from 2015 to 2016, sales transactions declined by 7%, in some part due to increased Stamp Duty charges pushing up moving costs.

Another potential cause of the decline in transactions is that the long Buy To Let boom has meant that many homes bought as pension investments may not appear on the market again for decades – causing a drop in the churn of new homes coming on and off the market.

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