TheHouseShop

45% of Brits predict housing crash within five years



Almost half of Brits (45%) have predicted that a housing crash will occur within the next five years, according to the latest research.

The survey conducted by YouGov for property marketplace TheHouseShop – which removed ‘don’t knows’ from the final result – asked people to say if, and when, they thought the UK housing market would experience a crash, and provided a range of timescales for respondents to choose from.

Just 4% of respondents believed there would be a housing crash in the next 12 months, while 17% predicted a crash within the next two years.

Some 60% of respondents predicted a housing crash within the next decade.

One-third of respondents (33%) claimed they were confident in the stability of the market and said that there would not be another housing crash at any point in the future.

“It was great to see that confidence in the short-term stability of the housing market has improved slightly since last year, but it is still worrying to see that almost half of Brits believe there will be a crash in the next five years,” said Nick Marr, co-founder of TheHouseShop.com.

“In reality, the likelihood of an all-out crash seems relatively small at the moment.

“House price growth has slowed significantly in the past 12 months and it seems we are experiencing a more tempered market correction.

“Hopefully, the current path of a gradual cooling off in the market will continue, but there are still some wildcards that could force a more dramatic event.

“The possibility of a negative post-Brexit environment that drastically reduces investment confidence in the UK market is a real concern.”

YouGov survey results:


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