An economist, who has a track record of predicting previous housing market collapses, is warning that a new crash is already underway. This expert suggests that the value of homes could see a substantial decline, with potential losses of up to £82,000.
The economist's previous accurate forecasts of the last two housing market downturns lend significant weight to their current assessment. The warning implies that homeowners should consider measures to protect their assets as the market enters what is described as a "freefall."