Recessions are the property market’s killjoy

The early-90s, GFC and COVID-19 recessions slowed-down explosive growth, but the show still goes on.

Analysed by Ade Akindele | Source: Nationwide HPI data

What’s a recession?

A recession occurs when GDP (Gross Domestic Product: measures the size of a country’s economy) contracts for 2 quarters in a row — basically caused by a decline in economic activity.

Early 1990s