The words housing and crisis have rarely appeared so inseparable. This has been most visibly reflected in the way the issue has steadily slimbed up the policy agenda with a raft new of initiatives announced by the Conservative government since the general election. At one level, it might reasonably be argued that the impact of these measures will be to increase both affordability and accessibility to the market. However as we contend in this short note, the underlying dynamics still point towards hiher house prices over the coming year. Indeed, our best guess is that the likely increase will outstrip any commensurate rise in household incomes.
Source : RICS