Landlord Products / ServicesNotes
Below is a graph/data showing how the UK average house price declined in the 2007, which ultimately lead to a housing crash.
Cause: The housing crash was part of a larger global financial crisis that began in the United States in 2007, triggered by the collapse of the US housing market, which was fuelled by high-risk mortgaging lending (subprime lending).
From the peak to the bottom, there was an approximate fall of 25% (similar to the previous UK housing crash in the early 90’s). Note, the house price data is not adjusted for inflation.
The data is taken from Nationwide house price index, which is based on the mortgages they give to home-buyers.
