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.
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“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: