In Other News...
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The signs are Britain is not heading for a property crashList Item 1
Unsurprisingly, property owners ask whether a crash is on the horizon, especially now that the economy is heading into a downturn and possibly a full-blown recession. Adding to the gloomy atmosphere, Bank of England officials, seemingly immune to the prospect of a slump, have begun to raise interest rates.
While it would be naive to dismiss the possibility of a large and sustained fall in home prices, the weight of evidence is to the contrary.
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Lack of appropriate housing supply forcing homeowners to compromise: YBS
Homeowners and buyers at all stages of the property ladder are being forced to compromise as a lack of appropriate housing supply contributes to the ongoing property crisis, the latest analysis by Yorkshire Building Society (YBS) shows.
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Property market still booming: GetAgent
The pandemic property market boom shows little sign of slowing despite a string of interest rates adding to an uncertain economic outlook, according to the latest data analysis by GetAgent.