New research published by property marketplace, TheHouseShop, has revealed that almost half of Brits (45% excluding “don’t know”) believe there will be a housing crash in the next 5 years
Although house price rises have tempered somewhat over the past 12 months, a sizable proportion of UK adults still believe that we are heading for another boom and bust cycle.
The research asked people to identify if, and when, they believed the UK housing market would experience a crash, and offered a range of timescales for respondents to choose from. Looking at the positives from the results, just 4% of people thought there would be a housing crash in the next 12 months. However, this figure rises to 17% of people who predict a crash within the next 2 years, and a sizable 60% of respondents who predict a crash within the next decade.
Read more at pbctoday here