The Express:
Britain on brink of WORST house price collapse since the 1990s, expert warns
5 July 2017
HOUSE prices in Britain are close to a crash that could be as bad as the bust of the early 1990s, according to warnings from a leading economics expert
Paul Cheshire, Professor of Economic Geography at the London School of Economics claims the warning signs are clear, suggesting a plunge of at least 40 per cent. The warnings have led to an increased fear of the return of “negative equity”, in which the value of a property falls so far, it becomes less than the cost of the mortgage.
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