Economics
U.K. Housing Shortage Drives Record ‘Frenzy’ in Asking Prices
- Rightmove says shortage of property is primary driver
- Economist says the boom can’t continue, sees gradual slowdown
A row of estate agents signs are attached to railings next to a block of residential apartments in Romford, U.K.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
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Asking prices for U.K. homes hit a record high for a third-straight month, driven by a shortage of properties on the market.