Not all House Price Crashes are created equally

A look back at one of the most fascinating periods in UK House Price History

I'm often asked how the UK property market reacts in tougher times.

The period between October 2007 and October 2010 offers one of the clearest examples.

House prices peaked nationally in October 2007. Then, following the credit crunch, values across the country dropped sharply. By March 2009, the average UK home had lost 18.5% of its value, and every region felt the impact.

But what happened next tells a powerful story.

While most parts of the UK saw house prices tread water, London had a very different trajectory. In just 18 months from March 2009 to October 2010, the capital rebounded dramatically, recovering its earlier losses and pushing on. That’s the red on this map, set against the blue of slower-moving regions.

This isn’t just a lesson in market recovery. It’s a reminder that property markets don’t all behave the same way, even in the same climate. Local demand, confidence, and investment patterns can shift outcomes dramatically.

Thoughts?

Christopher

PS Map & Data from the awesome Bricks&Logic - do check them out as you can create stuff like this. I am a huge fan of them (not been paid to say that)