The Central Bank can’t claim the credit
House price inflation has slowed over the last year - and the reason might be as simple as supply and demand
Could it be that the market is actually, for once, getting some normal relationship between supply and demand? I had a chat with my friend John McCartney, who is the director of research at Savills and who used to work in the CSO.
We covered some interesting ground and he painted the following picture for me regarding the residential housing market.
House price inflation has virtually stalled in the last year, falling from around 13.5...
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