For house prices, the only way was up anyway

For house prices, the only way was up anyway

Critics of the help-to-buy scheme say it will only inflate prices, but there were so many other factors doing this before the budget that our course is already set

Many commentators have jumped to a single outcome about the new Help To Buy (HTB) scheme and how it can only push up prices.

But prices are rising anyway. The trend was already underway and one of the biggest drivers are Central Banks everywhere which have a zero interest rate policy. That policy is driving up asset prices all over the world and it will do it whether we have HTB or nothing at all.

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