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Evening Standard
Evening Standard
Business
Jonathan Prynn

More trouble for Truss as house prices face fall

Prime Minister Liz Truss may have to keep hard hat on when facing disgruntled property owners (Stefan Rousseau/PA)

(Picture: PA Wire)

It is a full generation since the era of negative equity, mass repossessions and general property misery in the early Nineties.

Since the market turned around in 1995 owning bricks and mortar in the UK has been largely a one way bet, particularly in London, with the exception of a blip after the global financial crisis. Average prices in the capital are now at all time highs of well over £500,000, despite, well, everything.

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