Eurasia Review:
House prices and the UK economy ? analysis
8 December 2017
CFM-CEPR expert survey explores two aspects of recent developments in UK house prices
Question 2: Do you agree that a more widespread weakening of the UK housing market will slow UK GDP growth significantly?
Many panel members point out problems of looking at correlations between economic activity and house prices. … John Van Reenen (MIT Sloan) similarly argues that a Brexit-induced decline in real incomes will cause “both a fall in consumption and house prices (relative to trend)”.