This is a good article http://www.mortgagesolutions.co.uk/news/2018/08/03/harder-bank-england-justify-rate-rises-oxford-economics/?utm_source=customsell&utm_medium=email&utm_campaign=msol-house-advert-second-send-0308-1533298246 Experts say that the Bank of England will have a hard time justifying future increases in the lending rate using the current economic condition.s
This article goes on to say that the government should provide state loans so young people do not need to rent. https://www.theguardian.com/society/2018/jul/29/housing-renting-mortgages-loans-home-ownership-first-time-buyers?CMP=fb_gu The purposely seems to run in the same manor as student loans. I am not sure if this is a good idea. Where is the government getting the money?
This is a good article. http://www.financialreporter.co.uk/finance-news/first-time-buyers-outstrip-homemovers-for-first-time-since-1995.html I have noticed that home movers are reluctant to move until they have found the perfect home. In the past they would list there property and then go find a new house. Not anymore. This makes for a shortage in the house market. Perhaps people are choosing to stay put.