Is it a problem if house prices fall 35 per cent after Brexit?

BANK of England Governor Mark Carney’s outrageous prediction that house prices will fall by 35 per cent after a no-deal Brexit will put an immediate dampener on the market, especially for firsttime buyers. Who is going to buy in the next six months if they fear prices will crash?

ROB LEWIS, Lincoln. THE suggestion that a fall in house prices is a bad thing is a typical response from someone only interested in extracting profit from their property. It shows no consideration for those seeking to break the vicious rent circle to establish a stable home and raise a family.

D. TROWER, Braintree, Essex.

THE predicted correction to property prices would help re-balance access to housing between old and young, and create greater equality across the nation.

D. HAMPTON, London SE18. IF A no-deal Brexit means house values plummet, I can get on the property ladder. J. COLLINS, Chelmsford, Essex.

WHAT experience has Mark

Carney got in the British housing market? If he is so good, will we soon see him on TV’s Homes Under The Hammer?

JOHN BOWYER, Lincoln. IF MARK Carney’s forecasts about house prices are as accurate as his forecasts of the disasters that would happen if we voted to leave the EU, then I am off to buy as much property as I possibly can. BILL HODGES, Eynesbury, Cambs.

WHAT a great statement

by Mark Carney. Had this been considered in 2008 the Bank of England could have used the money it printed and gave to irresponsible banks, to rid people of 35 per cent of their mortgage debt and bring house prices down. Our children might then have a chance of being able to afford to buy a home of their own.

K. JACQUES, Stafford. THE prediction that the housing market could fall by a third is about as reliable as a weather forecast. The trouble is that pronouncements on the weather don’t adversely affect the stock market or the value of Sterling, while those from the Governor of the Bank of England certainly do.

ELAINE McKIE, Appleby-in-Westmorland,

Cumbria. I AM still waiting for the value of my house to crash 18 per cent, which was predicted if we voted for Brexit in the referendum. TED SHEPHERD, Windsor, Berks.