Priced to perfection
Priced to perfection
- 2006
- Economist 380(8484) 1 July 2006, 27-28(2) .
Argues that the UK's overvalued housing market is vulnerable to higher interest rates. Looks at the increases since the late 1980s, in particular from 1997-2006, and discusses measures of affordability for homebuyers. Considers the resilience of the housing market, arguing that this resilience is largely owing to the benign credit conditions, and warning that monetary policy around the world is tightening to stave off inflation. Graph.
United Kingdom--
Argues that the UK's overvalued housing market is vulnerable to higher interest rates. Looks at the increases since the late 1980s, in particular from 1997-2006, and discusses measures of affordability for homebuyers. Considers the resilience of the housing market, arguing that this resilience is largely owing to the benign credit conditions, and warning that monetary policy around the world is tightening to stave off inflation. Graph.
United Kingdom--