Whats going on with UK house prices? (£170k for a flat!)
by 
Mr n Mrs M...
ANSWERS: 9
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Its called free market economics. This is what happens when the market has no social conscience. This is why keyworkers are priced out of the market and stockbrokers (those useful people *ahem*) etc, are moving in. Its time to grasp the nettle and build more affordable homes for the people we need.
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Market forces of supply and demand which are universal. The U.S went through inflated prices also. Now they are on the decline.
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I don't know how much that is, but here where I am in New York, houses start at $1,000,000 dollars. It is getting crazy. I see you have the same problem their on the other side of the pond.
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Suck it up. If I got the exchange rate right, your prices compare to what we pay in New Hampshire (Northeast US).
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i know!!! my house is worth more than 4 times what i paid only a few years ago! i know i live in an area of uk that has experienced the biggest rise, but this is just crazy. how first time buyers are supposed to compete beats me.
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Funny to look at this question 2 years later as the market has plummeted - great source of info for Uk house prices is Zoopla http://www.zoopla.co.uk
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try Vancouver BC..average house price just under $1 million....actually $920,644.00
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3-28-2017 There is no country with honest money. Every nation has a privately owned central bank that prints all the money the officials want to spend. That is what we call inflation. Of course there is no escape from this trap: it all has to collapse.
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Same as everywhere. The rich are getting richer and taking the home prices up with them.
Jewels Vern 
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