More affordable Housing – October 2009 – prices forecast to go up 20% 50….First home Owners grant – increased, not aimed to generate building, inflating house prices 26….Relaxed restrictions on foreign ownership elevate house prices. 56

Martin Ellis, housing economist at Halifax, said: “Mortgage payments in relation to earnings are currently significantly below the average during the past 25 years. …

Dangerously, this is inflating house prices back to the heady 2008 levels….