There was nothing in the past month’s data to change our view that the UK housing market will experience a long, drawn-out correction over the next few years. But with few signs that the euro-zone crisis is abating and credit conditions tightening again, the main risk is that activity weakens further and house prices begin to fall at a more rapid rate over the remainder of the year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.