House prices: the risks of a fall are higher than most people think
- Written by Geoff Meen, Professor Emeritus in Economics, University of Reading
At the start of the pandemic, many analysts believed that the prices of owner-occupied housing would be heavily affected. After all, owner-occupation is a market and is influenced by the economy. It therefore seemed highly likely that house prices would fall, remembering that, across the UK, prices fell by approximately 20% from peak to trough...