On 18/11/2017 14:23, Mark wrote:
It's down to the rich buying houses as an investment IMHO.

Aha, a momentum supporter.

It's down to NuLab allowing in another 3 million or so which
has created the demand.

And you didn't need to be 'rich' between 1998 and 2007 to take
out a liar loan and buy a property far more expensive than
your income could support. Not a problem during Gords mother
of all housing booms.

Or you could buy up older terraced houses in University towns
and let them to students, or just let them full stop.
All nicely propped up with £20 Billion of housing benefit to
boost the rent, and thereby the 'value' of the house.