Housing Market Slump

By Paul Warren
In November 12, 2018
On News
Comments off

House prices are certainly being affected by the current economic climate. That house prices are rising more slowly than the cost of living means that the property market is currently in a decline. This is a great time to buy for those wanting to get into the market, but not such good news for those who want to sell. It is also good news for house builders, who are seeing record profits as the demand for houses continues to increase and is magnified by the housing slump.

We also have to consider that interest rates will continue to rise and, whilst the recent rate rise has had a small effect overall, further increases could make it even harder for people to get into the market and slow sales even more.

It is an uncertain time for the housing market, which has not been helped by Mark Carney (Bank of England Governor) stating that the BoE are prepared for house prices to be cut by one-third! We certainly hope that really is worst-case-scenario planning!

Comments are closed.


Redwood Financial Family Wealth & Estate Planners Ltd is Directly Authorised and regulated by the Financial Conduct Authority. FRN number 774469.

Subscribe to our free monthly Wealth Management update.


The Financial Conduct Authority do not regulate, Will Writing, Buy to Let Mortgages, Auto-Enrolment, Tax Advice and Estate Planning. Your capital is at risk. Investments can fluctuate in value and investors may not get the amount back they invest. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. https://register.fca.org.uk/

Contact us

Telephone: 01489 877547
Email: info@redwoodfinancial.co.uk

Company information

Redwood Financial Family Wealth and Estate Planners Ltd Company Number: 08926661
Registered Office Address: Wellesley House, 204 London Road, Waterlooville, Hampshire,