The House Price Spiral
Presented by Michael Peacock Last year the average rise in house prices was 15 per cent over the country as a whole and much more in London and the South East. Inflation, shortage of houses and of land, and growing demand for home-ownership are some of the major factors contributing to the seemingly intractable problem of soaring house prices.
What remedies are at the disposal of central and local government? What have the financial institutions and the building industry to offer? How can the price spiral be broken? Producer GEORGE FISCHER