GC: Stop intervening with new housing schemes in a bid to prop up the property market and let house prices fall.
It will benefit everyone in the long run and boost the economy if people are paying less of their disposable income on mortgages or rent.
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The right-to-buy should be abolished in my opinion, and local authorities given the means to start building property at scale again.
FTA: The country could be facing a recession, what's your outlook on the mortgage and housing markets next year?
GC: My advice if you're going to buy is to make sure you don't overpay. It's a buyer's market now, and prices could fall 20 per cent next year, so offer accordingly.
carmen.reichman@ft.com
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