In the same way that rising house prices encouraged people to bring forward their decision to buy a property, expectations of falling house prices will convince many to defer their property purchase, or to sell their property. As more people choose to share with friends, family, or strangers, a key source of demand for property at the lower end of the market will be hit, intensifying the downward pressure on property prices.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services