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

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

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 🔥🇬🇧

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 /  🏆 84. in SE

Sverige Senaste nytt, Sverige Rubriker

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Shell writes down up to $5bn after Russia exit; UK house price surge continues – business liveRolling coverage of the latest economic and financial news Yeah, sanctions to russia can bring uk house price down. more sanctions please shell is complicit in murder
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