3 graphs that show what a monster the housing market is becoming

It’s the overgrown creature we’re still feeding and doing nothing to control.

We know it’s there – we can feel its presence bearing down on the country. A sense of general unease, a feeling that something isn’t right.

Some of us are terrified of it, some can’t see it at all, while others pretend it doesn’t exist.

And it’s lurking under the bed at Westminster while the government sleeps, growing ever stronger, waiting for its time to wreak havoc.

The monster I’m referring to, of course, is the housing crisis.

The Office for National Statistics has released data showing UK property prices are at their highest level ever, after rising 9% in the year to March 2015.

Here are three graphs that show what a monster the housing market is becoming:

Monster housing market graph

 

 

Monster housing market graph

 

 

Monster housing market graph

 

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Readers' comments (1)

  • This is ever so true, I worry how will our children be able to cope, will they ever be able to buy a place? At this rate it's going to be more and more difficult and the authorities have to do something quickly about this!
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