The latest figures that show the UK HOUSE PRICE CRASH has finally STARTED and the UK housing market is in BIG trouble!

UK house prices were already expected to fall as a result of inflation, interest rates and the energy crisis, however, no one was expecting Liz Truss and Kwasi Kwarteng's disastrous mini budget which has seen mortgage costs treble for many borrowers!

This new combination of inflation and soaring borrowing costs means a UK property crash has gone from likely, to now almost guaranteed.

It is no longer a question of will the housing market crash in 2022, the question home buyers are asking is just how much will house prices drop In 2023.

With the OBR predicting house prices to fall and the Bank of England expecting the longest recession on record, market sentiment has been destroyed.

Potential buyers are now predicting house prices UK will fall, so there is likely to be a shortage of buyers for homes that are listed for sale.

I think this housing bubble burst will be worse than the Global Financial Crisis as the government won't be able to prop up the housing market with quantitive easing and low interest rates.

What do you think, is the house market going to crash? Let us know in the comments.

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