A fall in house prices is bad news – especially for the Conservative Party

Editorial: There are choices, but the rise in interest rates cannot be avoided altogether, because rates are rising around the world

This injustice ought to be ameliorated in the next Budget (PA)

It is a common fallacy, in any discussion of how “ridiculous”, “absurd” or “insane” house prices are, to assume that life would be better if housing were cheaper. Unfortunately, given that homes cannot become cheaper by magic but only by the interaction of supply and demand, a fall in house prices is not good news.

The reason British house prices are falling is that interest rates are going up, which means that people are finding it harder to buy. As with any shock to the economy, the end of cheap money produces winners and losers.