Has US Property Market Crash Started?
In this episode:
Market slowdown has
already started in UK and US.
Watch video
version - https://youtu.be/kQKAZAnZnKU
Sales activity slowing
as mortgage rates soar.
Property slowdown usually
follows a stock market fall, which has happened.
Affordability at
record high
Average UK salary -
£31,772 (2021)
Average UK house
price £278,000 (March 2022)
278,000/31772 =
8.75 x average salary to buy an average property in the UK
Inflation over 8%
in US and Eurozone, which means higher interest rates.
Higher rates could
crash the already weakened economy.
How will UK market
react?
A 20% drop in
prices will still only leave us to the market was in 2020.
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