As long as buy-to-let and second home purchases continue, property prices are unlikely to go down, writes Eileen Peck. Plus letters from Laura Rollin and Dave Verguson on school selection by housing wealth
I was surprised that in responding to Coco Khan’s questions about the housing market (Are UK house prices ever going to crash? We ask the expert, 22 October), Danny Dorling left an important part of the whole picture until the last sentence: “We are one of the most unequal countries in Europe.”
Surely an important reason for the steep rise in house prices is that the wealthy can make a handsome profit from renting out a house when many other investments are uncertain. Where we were once a country of homeowners, we are now increasingly becoming a country of renters. Buy-to-let is commonly seen in estate agents.
