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SpoonUnit

Hold On, This Could Get Bumpy

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Hold on. this could get bumpy

Ok, it's the Guardian, but even so, I was a little surprised by the tone.

A few quotes:

The house price bubble, the biggest this country has ever seen, was pricked last summer and has been losing air ever since.
Let's be clear about this. House prices in Britain were massively overvalued, by as much as 50%, last summer when they finally stopped rising.
In fact, as Ed Stansfield at consultancy Capital Economics points out, there is a clear parallel between what has happened to mortgage approvals over the past year and what they did in the early stages of the last housing market crash - a strong fall, a gradual recovery for a while, then a slump. "It is absolutely spooky," he says.
It is, of course, possible that things really are "different this time", as the housing market optimists like to say. But all bubbles in the past have burst, and this one looks no different."

Sorry if this article has already been posted.

If not... share and enjoy.

SpoonUnit

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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