With the bank of England preparing for the possibility of a drop in UK property prices by up to a third, what now for the UK housing market and is this an issue confined only to the UK?
What does the future hold for a property market that has been in a bubble for some 10 years?
Is the current economic situation just a reflection of the actions of government and central banks over the last 14 years?
Current average two year fixed rate mortgage is 6.3%, double what it was a month ago!
Is this just a necessary re-balancing of the global economy as interest rates find a new norm?
Between Mel and I, there is nearly four decades of professional experience in property, perfect for today’s main topic of discussion! So, Mel, what are your thoughts, firstly on the issue of a sizeable drop in property prices, even a potential crash?
Quote of the day
“Under Captalism, man exploits man, under Communism, it’s just the opposite!”
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