Industry reacts to housing market crash predictions


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lmost half of Brits (45%) have predicted that a housing crash will occur within the next five years, according to the latest research.

The recent survey conducted by YouGov for property marketplace TheHouseShop – which removed ‘don’t knows’ from the final result – asked people to say if, and when, they thought the UK housing market would experience a crash, and provided a range of timescales for respondents to choose from.

The latest house price index from Halifax has revealed that the average house price in the UK dropped slightly between November 2017 and February 2018, falling from £226,408 to £224,564.

One specialist lender claimed that if the timescale was long enough, a housing market crash would be a “self-fulfilling prophecy”.

Read more here


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