This week the value of the UK property market has risen by over £1bn and the property bubble has burst.
The government says it’s now £1.5tn short.
So what’s behind the price surge?
What you need to know about the UK’s property market: What’s the UK housing market like?
What’s the value for houses and flats?
What are the main trends in the market?
What you can do to stay up-to-date on the UK house price bubble?
Here are the key trends for the year so far.
The key areas of concern?
House prices rose by more than 30 per cent in the year to March 2018 compared with the same period last year.
In addition, the UK has seen an average rise of 4.6 per cent.
This is more than double the annual growth rate in the US, where house prices have grown by 3.9 per cent this year.
On average, there has been a slight increase in the value in house sales over the last year, with the average increase of 3.4 per cent compared with 2.6 cent in May 2017.
However, there have been some significant decreases in the number of sales of properties in the last three months, which are a sign that buyers are less willing to sell now than in previous months.
The number of houses sold in June fell by almost half compared to May, while the number selling in July fell by nearly half compared with May.
The overall trend is for the number and value of houses to rise over the coming year, but there are some areas where the market may be more vulnerable than the previous months, as prices have risen significantly more than in the past.
What’s behind this rise in house prices?
Many factors are behind the rise in prices, but a number of key factors have been contributing to the recent surge.
Firstly, the housing market has been in a slow recovery since the end of the financial crisis.
As a result, the economy has been weak and the housing supply has been very tight.
This has led to prices continuing to rise despite a slow down in the economy and housing shortages.
The latest figures from the Office for National Statistics (ONS) show that there were 9.1 million households with no current income.
However, as we saw with the financial sector in the aftermath of the 2008 financial crisis, housing prices are still not cheap.
The average house price in the UK was £2.5m in March 2018, up from £1m in the same month last year and just shy of the record £3.6m that the country sold in the second quarter of 2017.
Moreover, the country’s housing market is still relatively new.
There are only around 10,000 homes per 1,000 households, a fraction of the population that currently lives in the country.
But this is changing fast.
The UK now has around half the number houses per 1m households as it did in the 1970s.
The country has also grown rapidly in recent years.
According to ONS figures, the number in London alone has increased by nearly 200 per cent over the past decade.
This growth has come as the UK is still struggling to get on top of the economic downturn.
Secondly, the Government’s plan to reform the housing sector is in its infancy.
There are a number measures currently in place to try to improve housing conditions for the lowest earners, such as the National Housing Strategy, but it is only one of many measures that could be used to address the housing crisis.
Thirdly, the Brexit vote has led many people to rethink their views about the value and quality of their housing.
As the housing bubble burst, people started to feel the pinch.
While the government’s response to the housing downturn has been to raise the supply of homes, the fact that prices are rising again suggests that it may not be long before the supply comes under pressure again.