Although the mass-suicide of lemmings is disputed (apparently, they’re just following biological urges and can’t always see the edge of a cliff), it would seem that property valuers and analysts are indulging in the same behaviour. The rumour-mill has been cranking out reports that prices in the residential property market will undergo a significant correction of circa 14% after the Spring of 2021.

Is this prescient foresight or doom ‘n’ gloom prognostication? Let’s look at the economic fundamentals.

One side-effect of all this Covid chaos is the growing chasm between residential property consumers and the parlous state of the economy. Continue reading →