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Unemployment Is Causing Price Falls (rics)

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So it's not different this time.

All we need now are more job losses, more distressed sellers, and then the good old credit crunch to help things along...

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Depending how you read the cycle I guess - we've discussed it enough and it does seem to be fitting the picture more more over the last year - for property boom prices leading to reductions in consumption and recession, property falls, etc., I am really interested to see if Gordy and BoE have a plan 'B' in waiting, what with their hands tied on interest rates, public spending increases, devalution or a manufacturing-export lead recovery. Gordy certainly seems to be betting the kitchen sink on ever increasing consumer-demand in the latter part of the year, backed by lovely Mortage equity withdrawal and mortgage take-up. I certainly don't intend to make any new moves into property until that little pickle becomes a bit clearer.


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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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