When it's better to rent a house than to buy

Given the high cost of buying houses in the UK, it makes sense for a lot of people to forget about home ownership and rent instead.

I spent Wednesday at a conference in Brighton the Chartered Institute of Housing South East Conference. Last year when I also spoke the talk was all about house prices, when they would recover and how much they would then go up. This year it was not - there was more of an acceptance that house prices probably aren't going anywhere.

Iwasn't even the only bear at the Hilton. Far from it Oliver Kamm, a leader writer for The Times and long-time critic of the UK housing market, was marching up and down the platform promising that prices would fall 30% from here and that the UK property market is at least as ropey as that in Ireland.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.