Katie Poulson and Robin Ghosh explore the UK housing market and ask if a soft landing is on the cards...
There's a lot of noise about a potential crash in the UK housing market with some commentators throwing out predictions of a fall in house prices of up to 35%. With so many UK residents owning their own property and the housing market effectively being the jewel in our economic crown, scaremongering on this scale is bound to strike fear in the bravest of hearts. So, just how likely is this scenario? Let's look at the facts to date. According to data released by the Nationwide Building Society, prices were broadly flat in June, but down 3.5% compared with June 2022. All regions except ...
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