000			01150cab a22001935a 4500
001			L137880
008			070503e2007 xxkd f s 000 0 eng d
035			_a(Sirsi) u137880
041	0		_aeng
100	1		_aBirch, Julian
245	0	0	_aDiagnosis: market failure
260			_c2007
490			_aRoof _vMay/June 2007, 25-29(5)
520			_aHouse prices are still increasing and the buy-to-let market is buoyant. However the market is now dysfunctional in all other respects. It became harder for first-time buyers to enter the market in 2006. Repossession rates have increased by 65%. New flats are priced higher than existing houses. Owner-occupation has fallen for the first time in 50 years. Regional variations are increasingly pronounced. Mortgage approvals are rising steadily. Affordability has continued to worsen. This impact is lessened by first-time buyers lowering their expectations and lenders not passing on all of the year?s 0.5% interest rate rise. Housing supply has still not matched demand.
590			_aKA
651		4	_aUnited Kingdom _y
690			_aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY MARKET
942			_n0
999			_c78734 _d78734