House prices are teetering on the brink of a crash that
could be as bad as the bust of the early 1990s, a leading expert has warned.
There are already warning signs that prices are heading towards a near 40 per
cent plunge, warns Paul Cheshire, Professor of Economic Geography at the London
School of Economics. It raises the alarming spectre of the return of ‘negative
equity’ – when a house falls so far in value it is worth less than the mortgage
– which hit one million people at the worst point in the 1990s. Read more on
the Daily Mail website.
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The city was once the pinnacle of inclusivity, with working- and
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