Inflation is a funny thing.  Imagine headlines “Families cheer as bread prices soar” or “Holidaymakers high-five as deck-chair costs double”.  Not really plausible, is it?  Yet that is standard fare on the front pages of many newspapers and news websites whenever we have a story about rising house prices.

As ever in some corners of the press, rising housing prices are seen as the sign of a healthy housing market or a wider recovery.

I beg to differ. Homes are … Read more