TV property expert Martin Roberts has warned homeowners not to panic after reports that house prices will drop by 9%. According to the Office for Budget Responsibility the value of properties will plummet to that level by next Autumn.
But Mr Roberts has claimed it's not all doom-and-gloom, adding: “All eyes are definitely on the housing market at the moment and everybody is worried about what will happen.
“So many people are jumping on the bandwagon of saying it's all doom and gloom. But we should go back to the start of lockdown when exactly the same doom mongers were out there saying how terrible it was going to be. Really, really influential people were predicting 25 to 40% drops in house prices at the start of lockdown. We saw absolutely the opposite. We saw 25% increases and stuff that nobody could have predicted.” You can get more property news and other story updates straight to your inbox by subscribing to our newsletters here.
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