Last year, we finally saw some sanity returning to the UK property market, with house prices falling in real terms. John Stepek looks at what to expect this year.
Britain's house price bubble
There’s a problem in London’s high-end property market – people just aren’t as keen on luxury property as they were a year ago.
Property developers are selling more and more new houses on a leasehold basis. It’s a terrible deal for homeowners, says Merryn Somerset Webb.
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”.
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.