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.
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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Source: The Guardian - 🏆 84. / 53 Read more »