Magazine
Latest Issue

Talk to spokesmen from Number 10 and they are unequivocal—there is no housing bubble. Not in London, not in the south east, not in Britain over all, none. All talk of a bubble overlooks the fact, they say, that houses are still below their long-term peak values. Furthermore, the Bank of England’s Financial Policy Committee is specifically instructed to look out for any signs of bubbles and as yet it has not blown a warning note on the housing hooter.

In this reading, there is no cause for concern—no cause, either, to question the government’s Help to Buy scheme, by…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect