Why UK House Prices Are About To Collapse

Property prices in the UK are unsustainable. Average #houseprices in the UK are now over £300,000 and £730,000 in London. The #costofliving in the UK is making it very difficult for many to manage. Very high rent or mortgage payments mean that there is very little money available for other spending in order to help the #economy Moreover many young people know that they will never be able to afford to buy a house.
Since the seventies house prices in London have increased by as much as 1000 times. This is because #london has become the location of choice of very wealthy people from all over the world to buy properties for investment rather than as accommodation.
The UK has always been seen as a stable well-governed country where the rule of law prevails. However, the whole world has seen the incompetence or the government recently and the chaos that #brexit has caused and wealthy investors may well decide to move their money elsewhere.
Therefore, the combination of the cost of living crisis meaning that many people wil be unable to afford their mortgages or rent resulting in repossessions together with a loss of confidence in the UK as a safe haven for wealthy investors is likely to lead to a property crash