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UK market is in for a correction, not a crash

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People’s ability to buy property is at a record low in England, with the avg house costing ~9X avg annual disposable household income.Scottish buyers pay >5X, on avg, while Welsh house prices are currently 6X disposable income. Affordability has been affected by a recent boom in house prices, as demand for new properties ↑ after pandemic lockdown restrictions were lifted.

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