economonkey

It’s hard to avoid the “house price calamity” stories in the press today, so you’ve probably already heard that UK property values are dropping at record pace right now and it’s likely that they’ve still got quite a long way to fall. If you bought at the top of the market and/or overstretched yourself in a desperate rush to claw your way onto the property ladder at any cost, well, it sucks to be you right now. But for the rest of us, falling house prices can only be good news.

 There’s a lot we could say about this subject, but this piece of analysis from the Guardian has already covered everything quite nicely.