House prices are being fuelled by not only surging demand but also limited supply. Demand the result...
House prices are being fuelled by not only surging demand but also limited supply. Demand the result of 38-year-low interest rates in the UK while supply remains controlled by planning and environmental rules. This combination has resulted in a rise in the cost of construction and higher profits for building and construction companies. Leigh Harrison, head of UK institutional equities at Credit Suisse, says: 'House building has been relatively positive, we think consumer spending and confidence and a low interest rate means that people will be comfortable taking larger mortgages. 'On...
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