Wednesday, Feb 14, 2018

England & Wales -0.4%, London -4.3% YoY

Evening standard: London leads house price plunge into ‘the red zone’ as market records worst performance since financial crisis

In answer to Frizzers' post below ... the capital heads a year on year slide, now reflected in E&W figures too.

Posted by nickb @ 10:23 AM (5057 views) Add Comment


1. stillthinking said...

"Mortgage regulation is designed that people don't overstretch themselves." ...

Given that most bank credit expansion is based on mortgage loans I think its more accurate to say that the regulations are there to restrict lending instead of interest rate rises.

I do wonder though if we are out of the deflationary woods yet, because when Carney was complaining about RPI I felt it was unusual to go public over, and that he was doing so because the payments that are set by RPI, mechanically feed into -all- the inflation measurements i.e. RPI is self-fulfilling because it sets (influences) prices which puts him in the hot spot for not raising interest rates to cool things down, or worse sets them too high.

Thursday, February 15, 2018 10:11AM Report Comment

2. jack c said...

ST - factors pushing inflation (US led) include Energy Prices, wage inflation, synchronised global growth and a weak dollar. In addition QE was predicted to fuel inflation at some point they just didn't know when.

On the lending front (albeit they are a small lender)

Friday, February 16, 2018 09:24AM Report Comment

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