Britain’s housing market is broken and in need of fixing, says PM Theresa May. Good news, then, that the sector is facing an “Uber moment”, says Simon Wilson.
Britain's house price bubble
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”.
The rise in stamp duty is having an effect on the London property market. But what about house prices in the rest of the country?
After the political upheavals of 2016, a period of profound social and economic change is upon us. John Stepek looks at the big trends investors must be ready for next year.
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.
The gap between London property sellers’ hope and reality is widening, says Merryn Somerset Webb, as property sellers wake up to a market slowdown.
The government has given another clear signal that it has the buy-to-let business firmly in its sights. Avoid at all costs, says Merryn Somerset Webb.
A report says those born in the early 1980s have half as much wealth as those born in the 1970s. The best way to fix that is lower house prices, says Merryn Somerset Webb.
Changes to stamp duty are driving London property developers to give up on family homes in favour of filling the capital with tiny flats.
London property is clearly horribly overpriced. But don’t bet on prime properties in the best areas falling in price, says Merryn Somerset Webb
Research suggests more and more parents are helping other people’s children get on to the property ladder. But they’re not doing it out of kindness, says Merryn Somerset Webb. They’re doing it for the money.