The house price prophet who predicted the last two market downturns years before they happened says a new property market crash has already begun.
In his latest warning, economist and author Fred Harrison told This is Money he expects house prices to fall by more than 30 per cent over the next four years in a crash that is set to ‘eclipse’ the financial meltdown of 2008, when average prices fell by 19 per cent.
House prices could plummet by around £82,000 on average, with the typical property’s value dropping from around £273,000 to £191,000, if Harrison’s prediction of a 30 per cent
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.