Economic recession: How would it affect the London property market and could we see a house price crash?

An unexpected drop in economic growth for the second month running has led to fears the UK is now facing a looming recession.

GDP has now fallen in both March and April – by 0.1 per cent and 0.3 respectively – and City analysts have warned the first back-to-back monthly falls since early 2020 raises the risk the economy could contract sharply.