House price rises have mostly been due to the near complete decimation of the housing construction market in recently years. About 10% of houses were completed

House price rises have mostly been due to the near complete decimation of the housing construction market in recently years. About 10% of houses were completed compared to 10 years ago. There is very little supply and a pent up demand. Combine that with non-existant tenant protection, and a middle class who invested in property and want/need to see some improvement in their income.