How big is the housing bubble?
Halifax released it’s latest monthly survey on house prices today which showed prices across the UK falling by 0.3% in February, taking the annual rate of inflation down to 4.2%. This now means the average home in the UK costs £196,649 (or at least it does according to the Halifax, other surveys have different findings). What it clearly shows is that the housing market has slowed over the past couple of months but they believe that house prices can remain flat if the economy and employment levels continue to grow. Now that is a big “if” and not one I would personally like to have my house staked on.
