There are two distinct schools of thought on why house prices go up.  So different in their underlying assumptions that they exist in parallel universes.    One is based on the question of supply or rather the lack of it.  It is asserted that a lack of supply lies at the root of housing problems, rising prices, lack of affordability regarded as the main consequences.  This approach reflects mainstream thinking, supported by lobby groups, a number of academics and dominates th

There are two distinct schools of thought on why house prices go up.  They are so different in their underlying assumptions that they exist in parallel universes.    One is based on the question of supply or rather the lack of it.  It is asserted that a lack of supply lies at the root of housing problems, rising prices, lack of affordability regarded as the main consequences.  This approach reflects mainstream thinking, supported by lobby groups, a number of academics and dom

A recent post released under the auspices of Bank Underground, examined why house prices have increased since the mid 1990s. The authors Arno Hantzsche and Harriet Jeanes, state “Houses account for the largest share of total assets held by the UK household sector. Households’ spending and saving decisions depend in part on the price of these assets”  Therefore understanding the drivers of house price changes is essential in understanding how this important element of the econ

The Office for National Statistics (ONS) have recently released their estimates of greenhouse gas emissions for the UK.  Although all of the three categories of emission have seen a decline since 1990, the Footprint (consumption), which are the most useful one to consider saw the smallest fall of 20%.    Details from the ONS release are set out below together with details of how to access the source.   Main points UK greenhouse gas emissions (GHGs) are reported on three bases