Tuesday, October 12, 2010
“the U.K. needs to move on from its addiction to rising house prices”
Financial analysts who have been making a living predicting the direction of the U.K. property market havenâ€™t been short of data in recent days. House prices are in freefall, so hop on a train to Heathrow Airport and catch the last plane to Shanghai before the whole country collapses. No, wait a moment, they are rising again. Pile into the FTSE-100 index while you still can..............In reality, Britain needs to turn all its attitudes toward property upside down. Each month, as the data gets published, any rise in house prices should be met with disappointment. And a drop should be welcomed.