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Is the Property Market curse spreading?

Is the Property Market curse spreading?

In a recent paper Mick McAteer, founder and Director of the Financial Inclusion Centre and consumer advocate sitting on the Financial Conduct Authority (FCA) board, raised strong concerns about the British obsession with house prices not just rapidly increasing house prices but also on Britons’ reliance on property as a cure-all.

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Many Brits ‘live on the edge’

An alarming 33% of the UK adult population (16 million people) are 'living on the edge' every day, with no savings whatsoever. Yet the majority of UK homes (71%) experienced unforeseen costs or bills last year – on average, households hit by unexpected costs stumped up £1,101 last year.

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