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UK property market at risk of major downturn as recession fears loom

Por: CNBC Business November 15, 2022

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Economists are predicting that soaring interest rates and falling prices will mark the end of the U.K.’s 13-year housing market boom, potentially leading to a house price crash.Matt Cardy Getty Images News Getty ImagesLONDON — The U.K. property market may be verging on a major downturn, with some market watchers warning of a collapse in prices of up to 30% as data points to the biggest slump in demand since the Global Financial Crisis.New... + full article



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