One in four fear a property crash
According to a survey carried out on behalf of debt consultant Thomas Charles, one in four adults expect a crash in property prices within 18 months.
The research, conducted in conjunction with YouGov, also revealed that almost one in five (19%), expect a crash to come within 12 months, with one in three (29%) expecting a crash within 24 months.
‘The research shows that a high proportion of UK residents have lost their faith in the stability of the UK housing market,’ said James Falla, director of Thomas Charles.
Londoners were found to be most concerned, with 28% expecting a crash within 18 months while the South West remain cautiously optimistic at 18%. Young adults aged 18 to 29 were shown to have the least faith in the market, with 27% predicting a crash within 18 months, compared with 23% of 30 to 50 years olds and 21% of over 50s.
The research, conducted in conjunction with YouGov, also revealed that almost one in five (19%), expect a crash to come within 12 months, with one in three (29%) expecting a crash within 24 months.
‘The research shows that a high proportion of UK residents have lost their faith in the stability of the UK housing market,’ said James Falla, director of Thomas Charles.
Londoners were found to be most concerned, with 28% expecting a crash within 18 months while the South West remain cautiously optimistic at 18%. Young adults aged 18 to 29 were shown to have the least faith in the market, with 27% predicting a crash within 18 months, compared with 23% of 30 to 50 years olds and 21% of over 50s.
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9:25 AM
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