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TPP485: Is the property boom over? (Half time report)

The Property Podcast

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Is This the Peak?

The boom kind of took everyone by surprise when it kicked off. Very few people thought that a pandemic in shutting down the economy would be the trigger for property prices to go on an absolute tear. We are not technically in the recession yet, but you can understand how people are coming to the conclusion that a recession is on the way. If wages fall in real terms and interest rates are going up, then people may not be able to afford the large mortgages they have. And again, that could cause house prices to fall.

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