Harrow has been named one of the country’s top ‘recession-proof’ neighbourhods
(Picture: Daniel Lynch)The UK is steeling itself for an economic recession as inflation hits a 40-year high, raising the possibility that house prices could take a tumble.
A dramatic slump in prices could leave homeowners in negative equity, where the property becomes worth less than the mortgage taken out on it, while declining house prices could make mortgages more difficult and expensive to secure.
