It is possible that the renewed mood of caution in the housing market might lift once the election has passed. Yet the result will not materially affect the short-term economic growth outlook. And with the impending fiscal squeeze set to dent household incomes further and heighten uncertainty in the labour market, house prices look vulnerable to renewed falls in the second half of the year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.