That house prices are now falling is in the papers, that they'll go back to post-last-crash is my way of managing my own expectations and planning for the worst whilst hoping for the best.
Sadly hoping for the best is a significant slow-down in our economy, whilst the worst is Greece #2, but I'm not planning out scenarios in which my flat drops to 25% of it's current value because they are too depressing.
That house prices are now falling is in the papers
They kind of are, kind of aren't. Some places - really expensive places - are looking at modest falls. But London as a whole is still seeing price rises.
You can get more on wage growth (positive and negative) here: https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/articles/supplementaryanalysisofaverageweeklyearnings/latest
That house prices are now falling is in the papers, that they'll go back to post-last-crash is my way of managing my own expectations and planning for the worst whilst hoping for the best.
Sadly hoping for the best is a significant slow-down in our economy, whilst the worst is Greece #2, but I'm not planning out scenarios in which my flat drops to 25% of it's current value because they are too depressing.