Blink and you missed it – the house price crash that never was Britain's property market correction is already over JEREMY WARNER7 May 2023 07:09
To counter the previous post in the DT, another inthe same paper, more positive for housebuilders....
'This is key to understanding why there hasn't so far been a bigger correction in house prices. Rising unemployment is almost always accompanied by forced selling, rendering property a buyer's market.
But again, it hasn't happened. To the contrary, wage growth in the private sector has been running at more than 7pc, so that relative to earnings, house prices are now more affordable than they were at the peak last August.'