Global housing market pain has echoes of crash thirty years ago and it could be worse this time

  • Real Estate News
  • Oct 24, 2022


Image by: unsplash

When COVID sent the U.K. economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 (US$35,000) — more than double the maximum tax saving.

Continue to read on: FINANCIAL POST

Share this post:
home worth
YOUR HOME WORTH
Find out what is your home worth in today's market.
Get Started
home worth
FIND YOUR DREAM HOME
Get notified instantly of homes meeting your exact criteria.
Get Started
G
Gizella Nyulas
Gizella Nyulas
Do you have questions?
Call or text today, we are here to help!