Tag Archives: UK housing

Cooling housing markets will prevent interest rate rises

Housing markets in certain developed economies are beginning to lose steam, prompting worries that house prices might see corrections, especially in countries where they had been overheating.

Continue reading

The UK government must tackle housing, not Brexit in 2018

This year, the UK government must come up with solutions to the main crises that eat away at some ordinary Britons’ well-being. One of these is the housing crisis, which continues unabated despite the billions of pounds thrown at the problem.

Continue reading

Brexit vote dramatically lowers Britain’s attractiveness

I know I have said it before, but at the time it was just a hunch: the price to pay for an “un-cool Britannia” after Brexit will be steep. Evidence for this is beginning to show. A survey released recently shows how fast Britain is losing attractiveness in the eyes of the world.

Continue reading

UK household wealth growth about to make a U-turn

The Bank of England has reason to pat itself on the back. During the financial crisis of 2007-2009, things could have taken a very ugly turn if it hadn’t cut interest rates to record lows and hadn’t started printing money.

Continue reading

In the UK, you can buy a property and still be a tenant

Perhaps in no other European country is the obsession with homeownership so entrenched as in Britain. The ambition to “get on the property ladder” underpins almost every young person’s dreams, pushing young people to make sacrifices to save for a deposit and then take on a big mortgage just to be able to say they own, rather than rent, their home.

But do they, in fact, own it? Increasingly, property ownership is becoming an illusion that makes people part with cash they can ill afford to spend.

Continue reading

‘Communism for the rich’ has destroyed the free market

With the recent stock market collapse and bear market, the critics of capitalism are out in force again; shouts that capitalism is dead or that capitalism is what caused this mess are growing louder.

Continue reading

UK interest rates could rise despite the Bank of England

There are few things that are less certain right now than the path of interest rates in the UK. That’s despite the Bank of England’s attempts to reassure investors that it will not raise its key interest rate anytime soon from the record low level of 0.5%. Even when it does, it will do so in a gradual manner, the central bank says.

Continue reading

Something is really wrong with house prices in the UK

By Antonia Oprita

House prices in the UK are getting another boost from the government, just in time for the May 7 general election.

Continue reading

Residential property bubble spreads: BIS data

The residential property bubble continues in countries like the UK and Sweden, but it seems to have spread to some other countries as well, according to data from the Bank for International Settlements.

Continue reading

The risks of plunging your pension into buy-to-let

Many players in the UK housing market are anticipating with glee the moment in April when pensioners will be allowed to cash in their pension pots and buy property to let it on.

Already in a bubble, this will mean UK home prices will rise even further.

Continue reading