‘The housing market is looking worryingly like a pyramid sales scam’

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Academic claims that it's more property pyramid than housing ladder

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New analysis of 104 postcodes across PCL and SW London has painted a stark picture of how the capital's prime property market has altered - or perhaps more accurately, been altered - since 2014...
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"The news is bleak" says the Association of Residential Letting Agents (ARLA) and National Association of Estate Agents (NAEA) as it forecasts that home ownership will fall by 7% in the coming decade…
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In all his years as a buying agent, this is the first time Prime Purchase's Frank Speir has seen the market hit a complete standstill; something has got to give, he says...