What determines house prices? Demographics, immigration, a lack of land, or planning restrictions? The chart above tracks the money supply (M4) and house prices from 1963-2008. They do seem to move together.
For those who have dabbled in statistics, the correlation is 0.97.
Sunday, March 29, 2009
Do you think there might be a connection?
Labels:
bankruptcy,
building societies,
buy-to-let,
crash,
finance,
inflation,
insolvency,
UK,
UK banking,
UK house prices,
UK housing
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