George Osborne recently tried to assure us. "I don't think in the current environment a house price bubble is going to emerge in 18 months or three years," or so he told parliament this week. The Bank of England governor promises us he won’t let it happen – no bubble...Read More
George is blowing a bubble, and no this is not a reference to the royal baby, rather to the right royal mess George Osborne may be creating with his Help to Buy scheme. The list of those accusing our chancellor of creating a new housing bubble is getting longer. But...Read More
Posted Aug 08, 2013
It is a little odd. The UK enters its worst downturn ever recorded; average wages increase at a rate that is much slower than inflation meaning that for some time average households have been getting worse off, but what do house prices do? Sure they crashed in the US; they...Read More
Posted Jul 29, 2013
It’s a quad trick, or whatever they call the thing that comes after a hat trick. No less than four reports on the UK housing market in May point to prices rising. The latest of these readings from the Royal Institution of Chartered Surveyors (RICS) is perhaps the most encouraging....Read More
Posted Jun 11, 2013
It used to be a magic formula. Never mind what is happening in the real world; in industry, in business. Never mind what is happening with wages and productivity. If house prices were rising, households felt as if they were better off, and went out and spent more as a...Read More
Posted May 07, 2013
According to data from Lloyds TSB, the sales of homes worth over one million pounds hit 7,397 in 2012, which was the highest level since 2007. Is this a sign of a recovering economy or is it a case of economics for the one per cent?
Posted Apr 29, 2013
Nobel Laureate Paul...Read More
Overall rents have crept up in London's prime micro-markets, breaching an average of £1.00 per square foot a week. This headline result came despite a 50 per cent slow down in rental inflation over the past 12 months, or so says
London Central Portfolio.
Posted Apr 02, 2013
Its research shows that, on average,...Read More
The data comes courtesy of the Royal Institution of Chartered Surveyors (RICS), but other data from the Halifax adds to the mood of optimism.
The RICS housing market survey is a good one. Each month RICS asks estate agents: did house prices go up or down in your...Read More
Posted Dec 11, 2012
There’s a phrase that is often used to justify prices reaching unprecedented levels: “It’s a new paradigm now.” It was a phrase that was used in the late’ 90s to justify extraordinary pe ratios, and it’s a phrase that gets carted out of the dusty clich cupboard every time any...Read More
Posted Nov 06, 2006