House prices forecast to slump amid 15% fall in GDP

london cranes

Centre for Economics and Business Research predicts double-digit house price falls and soaring unemployment

The UK economy could suffer an unprecedented 15% coronavirus-related dip in GDP later this year, as output collapses in the wake of the country’s mandatory shutdown.

The Centre for Economics and Business Research (CEBR) warned that the UK economy was about to enter the deepest recession since the financial crisis of 2008, including the steepest quarter-on-quarter decline in economic activity since comparable records began.

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now