There’s more to house prices than interest rates
BankUnderground
JUNE 3, 2020
The average house in the UK is worth ten times what it was in 1980. In this blog post – which analyses the data available before Covid-19 hit the UK – we show that the interest rates story doesn’t seem to fit all of the facts. Chart 1: Real house prices in the UK. Rates have fallen in many advanced countries, not just the UK.
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