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I doubt that the govt's idiotic scheme is having much effect in the South East. House price rises are being driven by the flood of plutocratic speculative money flowing in from elsewhere, which is forcing bankers to spend their bonuses in less prestigious areas, which is forcing the people who'd normally buy there to look elsewhere, and so on etc etc.

What they're having little impact upon is the pent up demand for housing across the whole country.

If you increase the money supply, but not the housing supply, don't be surprised if prices rise.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 29th, 2013 at 07:48:54 AM EST
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