Commentators frequently compare home prices as a multiple of earnings,which on its own is meaningless.There is clearly a huge difference in the cost of a £500k mortgage at the current average of about 2% interest and the same mortgage at 6% interest.
more evidence of TEF market trending sideways on house prices.
given all the scare stories that is not bad. Just to much demand helped by low interest rates for the foreseeable future. The low interest rates make a nonsense of the talking heads who base overvaluation of the market on historic averages of multipliers of income to prices. The new normal of interest rates means that there has been a permanent shift in affordability. It is nearly twice as easy for someone on a certain income to… Read More
Even the harder edges of the emerging Brexit migration policy is concentrating only restricting low skilled labour from the EU (and leaves high skilled migration unlimited which of course helps London and TEF).
If only the EU partners can swallow something like this and we can keep passporting rights for our banks all will end well. The definition of low skilled is pretty… Read More
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