House prices are being fuelled by not only surging demand but also limited supply. Demand the result...
House prices are being fuelled by not only surging demand but also limited supply. Demand the result of 38-year-low interest rates in the UK while supply remains controlled by planning and environmental rules. This combination has resulted in a rise in the cost of construction and higher profits for building and construction companies. Leigh Harrison, head of UK institutional equities at Credit Suisse, says: 'House building has been relatively positive, we think consumer spending and confidence and a low interest rate means that people will be comfortable taking larger mortgages. 'On...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes