City A.M.:
UK house prices: Is a crash coming? These economists thinks so, raising spectre of negative equity
2 July 2017
Leading economists have warned that the UK is heading for a collapse in house prices not seen since the early 90s which risks plunging homeowners into negative equity. "We are due a significant correction in house prices. I think we are beginning to see signs that correction may be starting," said Paul Cheshire, a professor of economic geography at the London School of Economics, speaking to the Mail on Sunday and warning that they could fall as much as 40 per cent.