The factors driving Britain’s provincial house-price bubble

Where once London led the way in rising house prices, that’s no longer the case, says Nicole Garcia Merida, as buyers head for the country, spurred on by interest rates that remain at rock bottom.

House for sale in Crewe
Properties outside London are selling fast
(Image credit: © Nathan Stirk/Getty Images)

We wrote last week about New Zealand’s runaway house prices making headlines worldwide, with historically low interest rates and pent up demand making it so even subpar properties were selling for record prices.

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.