House price inflation (it is *not* growth) continues to outpace headline inflation at nearly 5% (and of course continues to be to one side of what counts as inflation)... a situation, that surely cannot go on for ever, for the time being seems to be.
Our housing crisis is driven by a lack of supply meeting slackness of credit, which drives up nominal prices & increases the multiple of wages (in 'low wage Britain') required to secure a home of your own.
It just madness!
#housing #inflation
Emeritus Prof Christopher May /
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2025-01-31 08:57:10
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