Emeritus Prof Christopher May on Nostr: #House prices are falling everywhere except the North East... one necessary (but ...

#House prices are falling everywhere except the North East... one necessary (but hardly sufficient) component of finding a way out of the #housingcrisis is lower prices for homes.

However, given the blistering high level of prices (as a multiple of average #wages), while become the small falls being registered now would need to be continued for years at this pace to make a real difference.

So, good news, but only a small step towards a more sensible housing sector!