House prices: Why the risks of a fall are higher than most people think

Views

"The fact that house prices have been rising quickly over the last year makes the market more vulnerable to external shocks to the economy," says Professor Geoff Meen, as he warns "there are numerous conventional reasons to at least expect some slowdown in the growth of house prices."

Written by

Geoff Meen

Professor Emeritus in Economics at University of Reading

Professor Geoff Meen's research into housing markets looks at a number of social issues, of which housing affordability is just one. Since 2004, he has done work for the England Department for Communities and Local Government, and recently served as a specialist adviser on the House of Lords Economics Affairs Committee. Geoff is one of 69 leading social scientists to be conferred as a Fellow of the Academy of Social Sciences. He is recognised as "a leading specialist in the economic and policy analysis of housing markets from the local to the national levels".

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Main image: Typical Apartments Building at West-London, Kensington and Chelsea

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