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Land value and inflation driven by supply shortage are the actual drivers of house prices in the UK. Especially with new builds, the BOM is very small, and hous
by jen20 4y ago
Land value and inflation driven by supply shortage are the actual drivers of house prices in the UK. Especially with new builds, the BOM is very small, and houses are built typically to an exceptionally poor standard.
- aembleton 4y agoBut there is a cap on how much houses can be and that is the credit available to make the purchase. So house prices are largely a function of available credit.