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Housing Today
Trusted media brand of the Chartered Institute of Housing
Housing associations to face “no-deal” Brexit downgrade
Credit rating agency says 20 associations would be downgraded given expected housing crash
A house price crash brought on by a “no-deal” Brexit could see 20 major developing housing associations downgraded due to their exposure to the market.
A report by credit ratings agency S&P said it expected house prices to crash by more than 10% next year in the event of the UK exiting the EU without a deal.
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