Global housing market pain has echoes of crash thirty years ago and it could be worse this time


Image by: unsplash

When COVID sent the U.K. economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 (US$35,000) — more than double the maximum tax saving.

Continue to read on: FINANCIAL POST