Olduvaiblog: Musings on the coming collapse

Home » Collapse » UK Home Prices Hit All-Time-Highs As BOE Sees “No Bubble” | Zero Hedge

UK Home Prices Hit All-Time-Highs As BOE Sees “No Bubble” | Zero Hedge


UK Home Prices Hit All-Time-Highs As BOE Sees “No Bubble” | Zero Hedge. (FULL ARTICLE)

U.K. house prices rose to a record last month as easier access to credit drove first-time buyers back to the market. As Bloomberg reports, the second phase of the government’s Help to Buy program was introduced this week, providing government-guaranteed mortgages to buyers with smaller deposits. The acceleration has fueled further concerns that the initiative may stoke a bubble. But have no fear…

  • *BOE’S CUNLIFFE SAYS U.K. HOUSING NEEDS TO BE WATCHED CAREFULLY
  • *CUNLIFFE SAYS DOESN’T AGREE U.K. IS ENTERING A HOUSING BUBBLE

What could go wrong? – “Demand has increased significantly in a short space of time, and raced ahead of the supply of homes.” Now where have we heard that before?

Via Bloomberg,

U.K. house prices rose to a record last month as easier access to credit drove first-time buyers back to the market, Acadametrics said….

 

 

 


3 Comments

  1. It’s all a huge government con to make their home loans nightmare look good. Whilst Central London, some major cities, and the SE are seeing house price increases, whole swathes of the UK aren’t seeing house sales AT ALL. Where there are jobs, house prices rise (what a surprise).
    With mass unemployment still a major issue and people in state owned housing sliding into deeper and deeper debt, it’s just B.S. to apply the same comparison across the UK!
    There again B.S. is a major tool in the UK governments play book.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 313 other followers

  • 70,094

Top Clicks

  • None

Archives