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A fall in house prices can only be a good thing

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Saturday 08 July 2023 18:05 BST
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When the price of anything is lower it is deemed a good thing for consumers
When the price of anything is lower it is deemed a good thing for consumers (PA)

A fall in house prices is a bad thing.’’

What a load of nonsense!

When the price of anything is lower it is deemed a good thing for consumers. And it is no different for housing. There will be different reasons why prices are lower, but the end result of a lower price is good for consumers. That some have to borrow and pay higher borrowing costs to pay for housing is an entirely different article.

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