Soaring house prices and cheap credit are creating the wrong sort of growth
TheGuardian
MAY 1, 2021
A familiar UK recovery led by a property boom and debt-fuelled consumption does not qualify as ‘building back better’ The average house price, according to the Nationwide building society, rose by £6,000 in April, or £200 a day. In the course of the month, the cost of property increased by 2.1% – the highest one-month jump since 2004. Everywhere there are signs of boom conditions: buyers putting in offers without even seeing the property they are after; agents asking for best and final offers we
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