Britain and housing: joined at the hip

October 13, 2015

Britain’s recent economic past is closely tied with the fortunes of the housing market. It does not look like that will change any time soon.

Uk inflation house prices and BOE
The latest official figures show a familiar pattern: low rates have a much bigger impact on house prices than they do on inflation, which turned negative again in September, never seen before this year since March 1960. London house prices tend to overshoot but the national figures tell a similar tale. Very little has changed recently, especially the interest rate.

— Graphic by Vincent Flasseur

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