House prices have risen in the UK since records began (with falls, followed by recovery)...Various coutnries have had diffrent patterns but most had a significant rise in the 80/90s - a fall then rising steadily until the 2008 recession.
- Different areas in the UK have different prices, such as NE vs London.
House Price Inflation -
- Mortgages as a proportion of income and personal debt have also risen
- Enabled by less strict lending practices, this has included loans to 'sub-prime' borrowers
- Increasing concerns about the value of this debt and the long-term security of repayments
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