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The property market and house prices 2010 « The Economic Voice

One of the main measures we in the UK use to measure the strength of our economy is the state of the housing market. Whether this is a correct measure to use is debatable. But the fact remains that people feel good as the perceived value of the house that they own increases, so do their feelings of security and prosperity.For the last decade or more, until 2007, we saw residential house prices... moreOne of the main measures we in the UK use to measure the strength of our economy is the state of the housing market. Whether this is a correct measure to use is debatable. But the fact remains that people feel good as the perceived value of the house that they own increases, so do their feelings of security and prosperity.For the last decade or more, until 2007, we saw residential house prices go up inexorably. The crashes of the past were forgotten as people ploughed more and more of their cash and future earnings into the bricks and mortar that surrounded them and their families. view page