UK house prices hit record high but cost of living crisis likely to cool market

France Nouvelles Nouvelles

UK house prices hit record high but cost of living crisis likely to cool market
France Dernières Nouvelles,France Actualités

Shortage of homes for sale and ‘race for space’ drove average cost to 282,753 in March, says Halifax

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UK house prices hit a record of £282,753 in March but are likely to ease over the next year as homebuyers face higher interest rates and the cost of living squeeze, Halifax has said.

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Such a twee outlook. As if the housing market consists solely of salaried individuals looking for a home. House prices are disconnected from wages. Prices were juiced in 2020/21 by half a trillion of printed money. The market slow-down will be due to printing slowing-down.

Just underscoring how this “market” is entirely artificial & utterly devoid from people’s daily lives 🔥🇬🇧

France Dernières Nouvelles, France Actualités

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