house prices

House prices should be frozen, says new report

House prices should be held at a rate of zero inflation to rebalance the UK economy and to prevent another housing crisis, according to the Institute for Public Policy Research (IPPR).

The think tank’s report recommends the Bank of England creates a separate inflation target for house prices with a target rate of zero for five years.

UK house prices remain flat

Much of the UK housing market remains relatively flat and listless with some exceptions – notably in the Midlands and Wales – according to latest property price indices, with supply shortages providing something of a floor to prices.

The inner London malaise has now spread to the South East commuter belt with London showing a slight fall in property prices.