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Figures out yesterday from Halifax, the big mortgage lender, showed a strong rise in house prices in June, keeping the annual rate of property inflation above 10%.
These people are certainly not "kids" – indeed, many of the recipients of unearned inheritances (largely created by property inflation, not personal endeavour) will be grandparents themselves.
Given the continuing scandal of property inflation in much of the country, it profits citizens little if a gentle renaissance in housing design is beyond the reach of most potential residents.
Brian Murphy, head of lending at Mortgage Advice Bureau, said the figures should go some way to ease concerns that Help to Buy is driving property inflation "at a dangerous rate".
Investment company Orbis Access polled 1,110 UK parents of children aged under 18-years-old to find 75 per cent recognise their children will need more financial support in their early adulthood than they did themselves because of university tuition fees, property inflation, and rising living costs.
Unlike the Bank, which is predicting a soft landing for the market with property inflation gradually slowing to zero over the next two years, Mr Dye and Mr Bootle think this bubble will end like every other one: a painful crash where prices over-correct on the downside.
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Commercial-property inflation rose by 15.9% in 2007, a slightly faster increase than in 2006.
A strong economy is a far better backdrop for property than inflation ever could be.
House prices crept up 0.7% in November, slowing annual property price inflation to just over 8%, according to Halifax.
It claims the property price inflation seen over the past four decades in London's prime property areas – which it defines as the areas surrounding Hyde Park, from Notting Hill to Pimlico – will continue for decades to come.
We must restrict these discriminatory off plan sales and give priority to local first-time buyers over overseas investors, who are fuelling property price inflation to the detriment of the many thousands of Londoners in desperate housing need.
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