UK housing market slump will be shallow but protracted
Falling real incomes and high mortgage and living costs are putting downward pressure on the UK housing market
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In this article
- Overvalued UK house prices decline
- Unaffordability will weigh on the market
- Several factors will cushion the downturn
- Supply-demand imbalance
- Labour market tightness limiting unemployment
- Regulation and deleveraging
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