Property News · May 10, 2018

At last, a reason to celebrate: house prices are falling | Larry Elliott


It won’t be easy to wean Britain off the obsession with ever increasing property values, but it’s important to tryThe housing market is dead. Britain’s biggest mortgage lender, the Halifax, says that prices fell in April by 3.1%, the biggest monthly drop in almost eight years. Newspapers bury this disastrous news way back in their editions for fear that it will spread gloom and despondency.We need to wean ourselves off this way of thinking. Falling house prices are not disastrous, and only in a country with such a perverted relationship with bricks and mortar could they be seen as such. In Germany, they scratch their heads in bemusement when they hear Britons boast of how the value of their house has soared. Continue reading…

Source : theguardian.com
Read more…At last, a reason to celebrate: house prices are falling | Larry Elliott

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