Why Are House Prices So High In The Uk?
I’m looking for a serious explanation from someone with an understanding of economics!
Category: house prices
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4 Responses
Supply and demand.
i always thought it was to do with the bank of england, and the interest rates! correct me if i’m wrong (i’m a home owner) i would like to know the answer to this too
house prices have suddenly witnessed a huge boom in many countries developing and developed. The causes could be from a strong economy to low interest rates. House prices have probably saturated and will be controlled by measures like interest rate increases and better government policy. Such a huge increase in home prices is neither sustainable nor is it good for the world economy, not just UK.
Small country. Not much land. Ever growing populatiom Simple law of supply and demand.