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The UK Housing Slump in Charts

The UK Housing Slump in Charts. Geoff Riley Tutor2u Economics December 2008. House prices now falling faster than in previous property recessions. The asking price trend tells us it is a buyers market. Confidence is melting away in construction.

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The UK Housing Slump in Charts

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  1. The UK Housing Slump in Charts Geoff Riley Tutor2u Economics December 2008

  2. House prices now falling faster than in previous property recessions

  3. The asking price trend tells us it is a buyers market

  4. Confidence is melting away in construction

  5. Jobs will go in building … can public sector investment projects limit the downside?

  6. New housing starts have collapsed – supply responding to falling demand

  7. And capital investment in new dwellings is falling sharply – a casualty of the recession

  8. Base rates are down but mortgage interest rates have only dipped a little

  9. Prices are more affordable for first time buyers – but mortgage availability is poor

  10. Tracker rates have become more popular – I wonder why!

  11. Nowhere is recession proof!

  12. And fewer property owners are prepared to extract equity from their homes

  13. Mortgage supply dries up

  14. The property recession will amplify the broader economic downturn

  15. But might just help our trade deficit!

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