For two decades, calling a UK house price crash has been a reliable way to look clever and be wrong. But while nominal prices have barely moved, a slow grind is reshaping affordability, rents and the housebuilding sector.

And in today’s Dumb Question of the Week: Are short-term fixed-rate mortgages a problem?

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Copyright 2026 Many Happy Returns

Britain's Slow-Motion House Price Crash

Many Happy Returns