The issue with UK housing was the topic on the mind of Peter Watson, of Watson’s Wifi, when he joined Zak Mir and Mike Ingram on the Tip TV Finance Show.
Key Points:
Office construction in London is at its highest levels since 2008.
Watson believed the way to solve housing issues and regional price discrepancy is remote working, but Ingram noted the UK government is unlikely to enforce this upon businesses.
Buy-to-let is also at its highest levels since 2007 – which means there is potential for a housing market crash if this market was to fall off.
Removing the upper limit on mortgages may push house prices up further as family help the younger generations in their family get on the property ladder.
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