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housing

Mind the (housing) gap

Mind the (housing) gap

Britain’s housing market has long been more complicated than anyone would like to admit. There is, we are told, a terrible housing shortage. Yet large parts of the country have so many vacant houses that they are being dismantled. We are told there is a disastrous gap between London

Britain's property disaster was entirely avoidable

Britain's property disaster was entirely avoidable

My column in this week’s Times deals with the long-term causes of Britain’s property crisis. You can read the full thing on their website (£) [http://www.thetimes.co.uk/tto/business/columnists/article4095337.ece]but here’s an excerpt from the middle: As the 20th century wore on,

London's foreign "cash" property buyers may be less cash-rich than you think

London's foreign "cash" property buyers may be less cash-rich than you think

There are all sorts of explanations for the bubble in the London housing market [https://www.edmundconway.com/2014/04/five-signs-the-london-property-bubble-is-reaching-unsustainable-proportions/] , but as with all markets, in the end the truth lies somewhere between supply and demand. On the one hand, we know that there is a shortage of supply,