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    Further rate cuts could fuel house price rises, says Halifax
    United Kingdom

    Further rate cuts could fuel house price rises, says Halifax

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    9 Comments

    1. OpticalData on

      The housing shortage is so dire in the UK that my farts could fuel house price rises.

      For the record, the current BoE interest rate is 5% and Halifax best offering is 4.5% on a Cash ISA

    3. SoapyTeats on

      This is Britain, where debt = wealth. ‘Look I lease a 100k car, and I owe 600k for the house I live in. I’m wealthy.’

    4. Lo_jak on

      And you know what that means ! higher rental prices too……. our housing situation in the UK is actually really fucking bad, I joke about it enough but I really cant see a way out of it.

      Of course building more homes is the most obvious answer, but do we even have the number of skilled tradesmen required to build all these homes ? I read a while back that we need something like 900,00K + tradesmen to make up the shortfall.

    5. DrSpooglemon on

      We have a Labour government with an absolute blitzkrieg of a majority and no talk of a mass council house building campaign to fix the problem. The one thing that would fix the problem and the very party I’d expect to implement such a policy aaand…

      …. tumbleweeds

    6. Snadadap on

      Low interest rates = house prices increase

      High interest rates = cost of mortgage increases

      Aside from building more houses, what can actually be done?

    7. originalbot5001 on

      Banks don’t give a shit. They profit from high rate mortgages, and low rate savings accounts.

    8. 3106Throwaway181576 on

      Breaking: Asset prices inversely proportional to the cost of debt

      More news at 10

    9. External-Piccolo-626 on

      So when interest rates go down house prices go up so less people can afford to buy them, but if they go up a lot of people struggle to pay the increased cost on their mortgage so have less money to spend elsewhere. Damned if they do and damned if they don’t really then.