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Why the house price bubble is going to burst but it is not as dramatic as it sounds

By Tom Winnifrith | Wednesday 21 February 2024


 


One day the Daily Mail, which is obsessed with house prices, tells us that house prices are soaring, the next day we are told that they are slumping. The reality is that neither is true or will be true. Instead what will happen, as the now roadsweeping Chris Bailey always flagged up, is that prices will increase only marginally in actual terms but in real terms will shrink for the rest of this decade. But that has profound implications.
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