The UK Housing Crisis.

The UK is suffering from massive house price inflation.

The total value of UK homes is worth £5.75 trillion. That is over 2.5 times UK GDP.

London homes aloneare worth £1.485bn, that is nearly 100% of annual UK GDP.

The reality is that their is more demand for housing than supply, which is driving up prices. Also with such low interest rates, the demand from buy to let investors means, houses are being bought by investors for rental income, this reducing the numbers of houses for sale.

Nigel Wilson, the CEO of Legal and General one of the largest UK asset management houses [www.legalandgeneralgroup.com] has written a very powerful artice in The Telegraph to explain the situation.

[http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11641911/Its-not-just-first-time-buyers-who-need-help-in-todays-housing-market.html]

Until the UK builds more houses, the situation will not get better. This needs political will.

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