Recessions are the property market’s killjoy

Analysed by Ade Akindele | Source: Nationwide HPI data

What’s a recession?

Early 1990s Recession (1990–91)

Historical annual change in UK property prices

Great Recession (2008–09)

  1. Property prices was hit the hardest with a 16% decline in prices in Q4,2008.
  2. The effects lingered on through to 2013 with obvious volatility in property prices shown above. Banks tightened their lending criterias and it changed the dynamics of mortgage lending forever.

COVID-19 (2020 — tbc)

Key takeaways

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Ade Akindele

Ade Akindele

My purpose here is to provide you with a different perspective on everything going on in the world. Hit the follow button, I promise you won’t regret it.

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