A property crash always unfolds in similar ways: credit runs dry, a priced-out majority stymies demand, confidence falters. Sound familiar? Then prepare for the bear, says Jonathan Compton.
Britain's house price bubble
UK house price indices
The Halifax and Nationwide indices are based on each lender's mortgage approvals, and exclude cash sales. Both are 'seasonally-adjusted' – the market is slower in winter and busier in spring. The Rightmove index is based on sellers' initial asking pricess, and the DCLG (Dept for Communities and Local Government) index is based on data including house prices, mortgages, transactions and land prices.
From Merryn's blog
For anyone investing in or building property today, Birmingham is clearly a better place to be doing it than London, says Merryn Somerset Webb.
The problem in the UK housing market is not a shortage of housing but a surplus of speculation called by very low interest rates. Solve that, says Merryn Somerset Webb, and you solve the “housing crisis”.
Stamp duty is one of the worst taxes we have, says Merryn Somerset Webb. Philip Hammond should replace it with an inflation-linked capital gains tax on primary homes.
London is in the middle of a property bubble. It’s inevitable that prices will fall. And it could happen sooner than many people think, says Matthew Partridge.
New-build houses in Britain are among the smallest in Europe. But that’s not the real problem, says Merryn Somerset Webb.
Britain not only needs more houses, it needs bigger houses, says Matthew Lynn. The solution, however, may not be popular with everyone.
In London, first-time buyers have to cough up an absurd eight times the average annual wage to buy a house.
The Bank of England governor has outlined three steps to cool the housing market. But will they do any good? Matthew Partridge investigates.
The London house price madness continues. But as mortgage lending is tightened up, that could be about to change. Matthew Partridge explains.
Don’t expect Mark Carney to cool Britain’s overheating housing market, says John Stepek. Here, he explains what’s really driving house prices, and what it means for investors.
Commercial property developer British Land has reported a big rise in profits, driven in part by the buoyant property market.
The housing sector is lurching into bubble territory and stock is insufficient to meet demand. What can be done about it? Simon Wilson reports.
A big change is about to make the mortgage market a lot tougher for borrowers. Could this finally burst London’s property bubble? Matthew Partridge explains.
Don't buy that house!
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