Housing – the quiet decade - speech by Jon Cunliffe

Given at The Law Society Property Section Convention, London
Published on 20 May 2021

UK house prices and transactions were relatively muted in the 10 years before Covid when compared to historical trends. Jon Cunliffe talks about why this is.

He addresses why the market might look different after the pandemic and what the policy implications might be if we entered a period where house price growth starts to rise significantly above earnings.

Housing – the quiet decade

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