Where next for UK house prices?

Brian Durrant has always maintained that the UK housing market will be the victim rather than the assassin of the economy. So what's the current outlook - and will City job losses hit London house prices?

We have always maintained that the housing market will be the victim rather than the assassin of the UK economy. These are indeed testing times for this hypothesis. As always the media typically focuses on developments affecting high flyers in London. And there is more than a hint of schadenfreude at the prospect of a house price crash in Mayfair and Kensington. Indeed, there are plenty of stories of softness in the £100,000 to £200,000 luxury car market. Stories too of wine merchants keen to offload stocks of fine wines on fears that year end City bonuses could be much smaller than last year.

The question arises, will the difficulties experienced in the world of financial services undermine the underlying UK economy to such an extent that it provokes a generalised house price crash?

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Brian has contributed to MoneyWeek with his expertise in investment strategy, for example how to quadruple your dividend income and how to navigate through the stock market in the 2008 financial crisis. He’s also touched on personal finance such as the housing market and the UK economy.