Economics

U.K. House Prices May Fall 16% Due to Pandemic, BOE Says

A pedestrian walks past residential properties in London. — A pedestrian walks past residential properties in London.
Photographer: Hollie Adams/Bloomberg

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By Neil Callanan

May 7, 2020 at 7:48 AM UTC

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U.K. house prices may fall 16% because of the economic upheaval caused by the coronavirus, according to a desktop stress test by the Bank of England.