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DO YOU KNOW THE DETERMINANTS OF RENTS AND HOUSE PRICES?

When it comes to house prices and rent levels, everyone has an opinion. From the conversations in the market or coffee shops or dinners devoted to the subject, it’s surprising how little thought most people dedicate to why things are they way they are – and for evidence to support their assertions about what might happen next. General ideas about “not enough houses”,” greedy developers” and “greedy landlords” are often singled out – and while these play some part, the true picture is a little more complicated.