What does this mean for jobs, unemployment, businesses, recession and the property market?
Will house prices crash when furlough ends?
UK House Prices have now a new record of £227,826 on average, yet, according to the people within the property market, the possibility of ending the furlough scheme will not just be the reason for its fall but at the same time, will trigger job losses.
Historically, it is being said that unemployment rise is a result of house prices’ fall, meanwhile, nationwide’s chief economist said the property market activity will most likely to slow down as the labour market weakens.
Will the end of furlough spell bad news for homeowners and landlords wanting to sell their houses quickly?
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