Real state in the UK is increasing in price the fastest since before the 2008 crisis [1]. Lumber is a very specific circumstance to the US, but similar trends a

Real state in the UK is increasing in price the fastest since before the 2008 crisis [1]. Lumber is a very specific circumstance to the US, but similar trends are happening in other developed countries. One specific circumstance of the UK is a tax break introduced last year to incentivise home buying. Beyond that, as others pointed out, some shared causes are more people on the market for a new home due to the pandemic, and historically low interest rates. [1] https://www.theguardian.com/business/2021/may/26/value-of-uk-house-sales-forecast-to-leap-46-this-year-as-boom-continues https://www.theguardian.com/business/2021/may/26/value-of-uk...