Blog: Are the Days of UK Property Booms and Busts Over? – Bloomberg

Has the UK property market moved beyond cycles of boom and bust? London house prices soared in the aftermath of the financial crisis but have since largely flatlined. Now real estate throughout the UK is facing stiff headwinds, and the red flags are popping up.

Interest rates are rising and economists expect more increases. Buyer inquiries fell in May after gaining for eight consecutive months, according to the Royal Institution of Chartered Surveyors’s latest survey. An index of housebuilders’ shares has fallen more than one-third since April 2021, though both London and UK house prices hit records this year.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s