"The Prime Minister sought to allay fears of a full-blown property slump after the country's biggest lender revealed an average price drop of 2.5 per cent during March – the biggest monthly fall since 1992."
Apparently the housing crash won't stop at the UK border... (-2.5% in March = 30+% a year)
EXTREMELY OVERINFLATED: average UK property costing £191,556
That is about $400 000 with one of the highest tax rates in the world, you have to earn a lot of pingping before you are able to pay that kind of mortgage...
Auch that's gonna hurt
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