Could house prices really crash from here?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 14 July 2017
⏱️ 58 minutes
🧾️ Download transcript
Summary
Mumblings of potential big house price falls have emerged again recently to delight the crashists. The 40% number was even mentioned - and that's not happened in a while. The property market is clearly slowing down - and prices are falling in London - but is all this talk of a crash overdone? After a report emerged from an LSE professor a fortnight ago, This is Money readers have been reliving the old house price crash article dream - and the debate in the comments has been as heated as ever. So what's behind all this? Is the warning too dire, or just a dose of realism? Simon Lambert and Lee Boyce join Georgie Frost in the studio to delve into the figures, Britain's history housing boom and bust and ponder just how overpriced homes are. Also on this week's show, we look at whether the gig economy works or needs an overhaul and more protection, and why Jaguar decided to launch the E-Pace - the new car it expects to ramp up its sales ambitions - into the air at high speed.
Transcript
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| 0:00.0 | Welcome to the This Is Money Show, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website. |
| 0:13.4 | I'm your host, Georgie Frost, here alongside Simon Knight is Consumer Affairs editor, Lee Boyce, and on the agenda today. |
| 0:20.2 | As estate agents report the lowest stock of |
| 0:22.3 | properties for nearly 40 years and political uncertainty weighs on the minds of buyers and sellers |
| 0:27.7 | alike, we ask, is a major house price crash around the corner. The rise of the gig economy |
| 0:33.4 | may have been brilliant for reluctant cooks, lazy travellers and dodgy DIYers, but can the same be said for the workers? |
| 0:41.6 | It's more protection needed. We investigate why car insurance has rocketed. We take a peek at Jaguar's latest offering its new baby SUV and shield your eyes. |
| 0:52.3 | John Lennon's old psychedelic roller is back in town. |
| 0:55.5 | All that and plenty more coming up. |
| 0:57.2 | And don't forget, you can stay up to date with all the latest breaking money news. |
| 1:00.4 | Just go to this ismoney.com.uk or download the app. |
| 1:04.1 | But first, are we on the brink of a major 90-style house price collapse? |
| 1:10.1 | Perhaps if you're a professor at LSE, nah, if you're |
| 1:13.8 | Russell Quirk, CEO of Emove. We can all wheel out the occasional sort of professor from somewhere |
| 1:19.8 | that has one extreme view or another on the housing market. There's a wonderful sign called |
| 1:24.7 | housepricecrash.com. And for about the last 10 years |
| 1:28.6 | or more, they've been predicting the crash in UK property prices. And I guess it's like a broken |
| 1:33.2 | clock. They may well end up being right twice a day. However, to contend on the basis of no evidence |
| 1:39.9 | really, but just a view of someone actually in fairness that used to be an advisor to the government |
| 1:44.3 | on housing, but we kind of know how housing and government's mix we don't tend to get the |
| 1:48.6 | result that the government says that they're going to get in terms of housing supply, at least. |
| 1:52.3 | So we got an expert saying that because he's seen this slight drop in the rate of increase |
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