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| Link to BBC web site |
"House prices in London are continuing to outstrip those in other parts of the country, according to the latest Land Registry figures.
"The average price of a property in England and Wales rose by 0.8% in the 12 months to June, reaching £162,621.
"But London prices went up 6.9% in the same period, bringing the average price in the capital to £383,930."
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"Keeping mortgage rates low places a ticking time bomb under housing market" "House prices are too high all over Britain, and the Government’s Help to Buy could soon become “Help to Boom and Bust” – as house prices surge again in the South of England. "The homelessness charity Shelter has published a devastating report on solutions for the housing shortage which shows house building is now half what it must be to meet Britain’s needs. "The Royal Institution of Chartered Surveyors (Rics) also stresses the need for far more affordable housing and for local authorities to be free to borrow to build homes without Treasury restriction." |
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| Link to The Guardian |
"If all else fails, they say, you can always lower your standards. This is what we have become used to doing in relation to the UK economy.
"... Global factors are, of course, beyond the UK's control, but there is [something] partially within its control, that may derail the recovery. It is the asset bubbles that have developed in the stock market and in the property market, fuelled by cheap credit (sounds familiar?)."
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