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Why landlords could be the catalyst for an impending house price crash

Predicting how much house prices may fall this year is a bit like playing lucky dip. Roll the tombola and see what number you pull out.

It may be 3pc, suggests Capital Economics, or it might be 13pc, says the CEBR, another think tank. These are all based on extensive research, but until we know when the lockdown might end and the true scale of the impending recession, these numbers mean little.

It’s also unclear what will practically happen when the housing market is finally restarted: will someone selling their home really want to open it to potentially virus-carrying viewers? Will those who need to move house flood the market with homes for sale, in the process pushing down prices? Will there be a dearth of new homes ready to move into, as construction firms have downed tools for months?...

Predicting how much house prices may fall this year is a bit like playing lucky dip. Roll the tombola and see what number you pull out.