Main image: One of the earliest examples of an asset price bubble was the frenzy in the market for Dutch tulip bulbs in the seventeenth century — the so-called “Tulipmania”.
What economics has to say about housing bubbles
'Intuitively, a bubble (and this applies to any asset, not just real estate) exists when the price of an asset is over-inflated relative to some benchmark. And here’s the rub: no one can agree on what that benchmark should be'

‘Drastic changes’ needed ‘to fix Britain’s broken housing market’ – NAEA & ARLA
"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…
By Prime Resi
Total UK housing value jumped by nearly £500bn in 2016, but the landscape is shifting
The UK's £6.8tr housing stock is now worth 3.65 times Britain's GDP, says Savills
By Prime Resi
The Homes Front: Problems & policies of the UK housing market
Charging Capital Gains Tax on homes would be a significant improvement on the current stamp duty regime, argues the National Institute of Economic & Social Research's Dr Angus Armstrong in a thorough…
By Prime Resi
Most read
Rich List 2025: Britain’s 50 wealthiest property tycoons
How did the UK’s biggest real estate players fare amid the turmoil of the last 12 months?
In Pictures: ‘One of the finest country estates in southern England’ seeks £58mn
Agents have been instructed to find a buyer for the extraordinary Laverstoke Park in Hampshire.
Big-brand luxury property brokerage launches ‘flagship’ West London office
UK Sotheby’s International Realty has opened a fifth branch in the capital, setting up shop with a strong team on Kensington Church Street.
By PrimeResi
£50mn trio of trophy apartments sold at 9 Millbank
Series of super-prime sales at the landmark St Edward scheme marks a 'significant milestone' for Westminster's property market, says agency.
‘Britain’s most daring property developer’ to race in 14,500km motor rally
John Caudwell has been inspired by the links between the famous Peking to Paris Rally and his £300mn resi project on the French Riviera.
Turning the page: Why it’s time to exit the ‘Wexit’ echo chamber
It would be impossible for prime markets not to feel the impact of recent tax changes, but the reality of the 'wealth exit' on the ground is different from the media perception, say top property advisors…
Former Berkeley Group sales boss joins Harding Green
Radhika Bedford previously ran sales for Berkeley's St George brand in North London.
By PrimeResi
Imposing Berkshire school site pitched for sale with resi potential
'Opportunities of this scale and heritage rarely come to market,' says Knight Frank.
By PrimeResi
Mayfair resident ordered to undo unlawful basement works at historic townhouse
'Those who ignore planning rules will be held accountable,' Westminster officials warn.
Historic Chelsea gem with artistic pedigree hits the market at £9mn
Buyer sought for 'once-in-a-lifetime opportunity' between the King's Road and Fulham Road.
LATEST ARTICLES
Rich List 2025: Britain’s 50 wealthiest property tycoons
How did the UK’s biggest real estate players fare amid the turmoil of the last 12 months?
In Pictures: ‘One of the finest country estates in southern England’ seeks £58mn
Agents have been instructed to find a buyer for the extraordinary Laverstoke Park in Hampshire.
PCL agency Russell Simpson teams up with NYC brokerage Leslie Garfield
New partnership will see the longstanding boutique property firms sharing market knowledge and cross-promoting 'exceptional' listings.
Rightmove flags surge in American demand for British homes
Scotland overtakes London as top target for US buyers, with investment interest leading the charge.
By PrimeResi
Prime Central London ‘is now a buyer’s market in many respects’ – Winkworth
Estate agency reports 'confident' start to 2025 in PCL despite fewer sales & deeper discounts
By PrimeResi