Housing market should brace for falls - IFA

He claims a glut of ‘economically illiterate’ buy-to-let landlords have artificially inflated the demand argument, which is often used to defend the position of the UK housing market. He also warned the previous 15 years of high house price growth will result in many years of house price falls before the market recovers. “House prices have been falling across the world, in California, Florida, Ireland, Spain and others, and I see no reason why the UK should be any different,” explains Davis. “There simply isn’t the finance available in the market at the moment and I don’t see a single...