TO GET HOUSE prices down, increase supply. The logic seems unarguable. Britain’s house prices have inflated hugely in recent decades: by 161% in real terms since 1996. Barriers to construction, such as the green belt—zones of protected countryside around cities—are clear to see. If politicians were to remove them, overcome nimbyism and build more houses, […]
Tag: constrained
There is more to high house prices than constrained supply
Low interest rates and innovations in the mortgage market may also be to blame
