The combination of favourable valuations and exceptional affordability has made housing look like the bargain of a lifetime. But structural constraints on demand are preventing households from taking advantage. Add in the still poor supply picture, and prices are likely to continue to fall throughout this year, by around 5% from current levels.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services