Property News · August 30, 2017

​Some might pray for a house price crash, but be careful what you wish for | Patrick Collinson


A recent price dip could mean a slump is on the way, but examples such as Dublin show this might not be good for the economyNationwide recorded a tiny dip in house prices in August, with the average property falling in value by 0.1%. It’s important to point out that the typical home is still selling for 2.1% more than last August, but this is nonetheless a marked slowdown, and one that exposes a sharp rift between two opposing camps in the property market.The “priced out” generation believe a crash would return prices to sanity. But they are pitted against those who say the whole economy will come crashing down with the property market. So who’s right? Continue reading…

Source : theguardian.com
Read more…​Some might pray for a house price crash, but be careful what you wish for | Patrick Collinson

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