UK house prices have fallen by 5pc in real terms over the last ten years when inflation is taken into account, dispelling fears of a house price bubble…
UK house prices have fallen by 5pc in real terms over the last ten years when inflation is taken into account, dispelling fears of a house price bubble.
Some commentators fear that Government schemes such as Help to Buy and Funding For Lending have artificially pushed up house prices and risk creating a house price bubble.
But prices actually fell by 5pc over the ten years to the third quarter of this year when adjusted in line with the retail prices index, according to figures from Nationwide supplied to the Telegraph. Over a five year period, prices have fallen by 10pc in real terms.
This is despite year-on-year house price rises in monetary value which pushed the average UK house price to a new record high of