Housing Market: Difference between revisions

As you will see from the graph, there have been a number of dips in house prices rises since its recovery in 2009/10. It must be bornborne in mind that the dip of 2011 only saw house prices shrink for a short period. Since 2010 house prices have typically been in growth while wages have been in decline. When there has been a indication that house inflation has reduced the government have stepped in to ensure that the prices do not begin to fall. They have always moved quickly to boost the demand side by offering subsidies to first time buyers. The first time this was offered was in 2013. As you will see in figure 4, at the start of 2013 how price inflation was still recovering from the 2011/12 deflation.