Receive our newsletter – data, insights and analysis delivered to you

UK house prices could crash by 30% during ‘Covid crunch’

By Paul Dennis

14 July

As Covid-19 is expected to cause the worst global recession since the World War II according to the World Bank’s analysis, the UK housing prices could crash by 20%-30%, opined Jonathan Davis sharing an article published by Anthony Codling, CEO at property platform twindig.

The article highlights that the current situation in housing is different from that during the credit crunch.

Anthony Codling, a former Executive Director at JP Morgan Cazenove, articulated the housing situation during ‘Covid crunch’ as seller drought and that during the credit crunch as buyer drought.

Despite the seller drought, Codling feels downward pressure on housing prices due to growing fear of unemployment and mortgages getting more expensive and limited as banks step up to protect their balance sheets.

Read more

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU