There is a risk that following the shock of the pandemic and poor economic recovery, deep seated pessimism may set in for the young, who already feel that their lives will be less prosperous than their parents’.
It would be unremarkable were house prices increasing as a function of total home purchases, however, this graph shows that the key driver of HPI rises is not the fundamental demand for housing. Rather it is in response to...
Last year saw the emergence of five London boroughs where houses ‘earned’ more in a year than their owners; most starkly in Barnet, where on average home-owners earned £54.6k net whereas their homes grew in value by nearly £107k.
This chart shows that London house price growth over the last decade has far outstripped all other regions in the UK, with areas of staggering growth such as Hackney, which rose 120%.