[dazc]

In the UK, people who suffered were low wage, casual workers such as hospitality staff- typically not people who were in the house buying market to begin with.

Public sector workers and corporate employees tended to fair well because they were 'working from home' and not paying a siginificant part of their income on getting to the office and back.

Factor in, also, much less properties available. I was looking for a house at the time and anything that came onto the market was getting snapped up in no time at all. This lack of supply soon translated into increasing asking prices.