British house prices could drop 40 per cent, analyst warns
Neal Hudson says outlook is ‘terrifying’ after last week’s mini-budget, with market accelerating towards a severe housing crash
British house prices could fall by as much as 40 per cent in response to the expected surge in interest rates, a veteran housing market analyst has warned.
Neal Hudson, a housing market analyst and former head of research at real estate firm Savills, said the British housing market could be headed for a major crash over the coming months.
“Since last week’s mini-budget, [the outlook] has turned terrifying. There is still a great deal ...