Search
Close this search box.

House market buckles but don’t blame Brexit, blame piggy bank mentality

Most UK homeowners, if they’re being honest with themselves, will say they’ve had a great run over the past five years. This period began after the market pulled its face out of the mud of a horrible 2012, when plenty of property just would not budge and prices fell throughout the year.
housing crisis

Most UK homeowners, if they’re being honest with themselves, will say they’ve had a great run over the past five years. Lucy Pendleton, Founder Director – James Pendleton.

This period began after the market pulled its face out of the mud of a horrible 2012, when plenty of property just would not budge and prices fell throughout the year.

The problem is that a long bull run like this encourages people to see their home more as an investment, and we all begin to wonder how long it will last. A desire to stay put is borne of a fear of missing out and this all helps to weigh on transactions, which ultimately brings things to a head sooner.

The market always follows London eventually and growth in the regions, which had been holding up remarkably well for a long time, began its inevitable deceleration some time ago.

This is less about Brexit, than it is about the natural cycle of any market that has seen strong advances. It comes down to affordability, not politics.


Receive more HR related news and content with our monthly Enewsletter (Ebrief)

Read more

Latest News

Read More

The HR revolution – a collaborative journey

20 June 2024

Newsletter

Receive the latest HR news and strategic content

Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

Latest HR Jobs

University of Oxford – Department of Politics and International RelationsSalary: £36,024 to £44,263 per annum

Jackson Hogg are delighted to be exclusively supporting an established manufacturing client based in Sunderland with the appointment of a Head of HR. £48,000 –

The HR Director (HRD) will be a key member of the UK senior management team, driving the business forwards through being accountable for the attraction,

The HR Director (HRD) will be a key member of the UK senior management team, driving the business forwards through being accountable for the attraction,

Read the latest digital issue of theHRDIRECTOR for FREE

Read the latest digital issue of theHRDIRECTOR for FREE