What is happening to house prices and why?
Is this a good time to buy?
Prices rocketed up, and then crashed over the last four or five years.
Does that mean they have reached a peak? What makes them rise?
Which sort of mortgage provides the best value for money?
This article (split over 6 pages) explores all of these questions, and discusses various suggestions for calming the housing market, none of which look very promising.
Rising house prices make older generations richer.
All of this money has to come from somewhere, and represents a massive transfer of wealth in favour of the baby boomer generation, whose housing in most cases is worth more now than it cost them in mortgage payments including the interest they paid.
For them house buying was merely a cash flow problem.
Is this likely to continue?
1.) Property Prices
3.) Housing Market
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About the Author
Dave Treanor recently retired as managing director of M3 Housing and secretary of the National Housing Maintenance Forum.
He wrote Housing Investment Appraisal for the National Housing Federation, and developed financial appraisal systems widely used by housing associations.
Prior to that he spent many years working with housing cooperatives.