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What happened to house prices in 2008?

The late 2000s marked a turbulent time for the UK housing market, culminating in the crash of 2008. Prices had risen rapidly from 2000 onwards as credit was easy and speculation rampant. By 2007, the average house price hit an all-time hi...

What happens to house prices in a recession?

In recent years, the United Kingdom has experienced its fair share of economic swings, and with a value of over £10.7 trillion in May 2023, the UK housing market often comes under scrutiny during such periods. But how does an economic downt...