The Housing Market Crash and Operation Scatter

A coming crisis

Two processes are taking place simultaneously in Britain, and the confluence of these Factors is something to pay attention to.

The first is a Crisis in the property market. All across Britain houses are failing to sell for their asking prices. House prices in London have been falling for six consecutive months, but when adjusted for inflation – contra what Gary’s Economics would have you believe – the value of a flat in London fell by 22% between 2015 and 2025. This graph by Savills gives you an idea of the national picture.

It would seem that in the last two years this problem has become particularly acute. There are a host of different reasons for this, the property market being generally inflated, unresolved problems with the leasehold system etc – the point is that there are a huge number of people in London and in other parts of the country who have bought houses and flats and are finding it difficult to sell their properties, even at a loss.