Everyone is talking about if and when a property crash will happen and Shaz has put together great content that explains when and why it will happen in 2021.
Following the worldwide pandemic, the support measures put in place are coming to an end and officially the UK went into a recession in the second quarter of 2020 so there will be a correction in the property market and Shaz shares great information about the reasons why in this informative episode.
 
KEY TAKEAWAYS
The UK has been in recession since the second quarter of 2020
In previous recessions, there has been a property crash.
Unemployment will rise when furlough ends
When people can’t repay their loans the property market is affected and a correction will happen.
A lot of people in the UK can’t afford to buy property right now.
The average house price in the UK is around £250,000 and many don’t earn enough to get a mortgage.
The relief on stamp duty ending will slow the property market.
There will be an end to mortgage holidays and this will mean people will struggle
After March there will be a correction in property prices.
 
BEST MOMENTS
‘We will see a lot of people trying to complete in the next month’
‘Even the most optimistic don’t think the economy will return to pre-Covid levels until 2023’
 
VALUABLE RESOURCES
[email protected]
 
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
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