Brexit, coronavirus, and the economic crash buffet Britain’s housing market

Even as the EU’s chief Brexit negotiator Michel Barnier stressed the bloc’s willingness to compromise to reach a deal with London, Boris Johnson’s earlier insistence on letting his country crash out of the EU still seems like the most probable option. If Johnson sticks to his words, the decision will sow chaos through the delicate supply chainsContinue reading “Brexit, coronavirus, and the economic crash buffet Britain’s housing market”

Why record UK house prices could be falling again soon

Pent-up demand following lockdowns, a temporary tax cut, record low interest rates and government support for workers and mortgage holders have spurred a rebound that’s taken analysts by surprise. The average price of a UK homesoared to an all-time high in September, according to leading mortgage lender Nationwide, despite a pandemic-induced recession, rising joblessness and fears that a second coronavirusContinue reading “Why record UK house prices could be falling again soon”