House prices plummet at a faster pace than in the 1990s

Many people that are in their thirties and over will still clearly remember the dark days of the 1990s recession and house prices crash, where many people were left in negative equity after property prices plunged. Many are seeing the same patterns for again now, with the global credit crunch leading to plunging property prices and the year finishing with a recession where many businesses are going into administration. Read more

Tags: IHS, Real estate economics, Lloyds Banking Group, house price fall, finance, Economic history, faster pace