The Phaserl


Running Out of Bricks

by Pater Tenebrarum,

A Warning Sign for the UK Housing Market

The UK real estate boom has largely recovered from the brief hick-up in 2008-2009, whereby the biggest price increases were as usual seen in London and the counties in London’s immediate neighborhood. As a result, prices have not yet returned to their former peaks country-wide, but in London new record highs have been set.

Currently there is evidently a building boom underway, and builders and real estate investors just received a warning signal (it is an early warning, but a warning nevertheless). One of our readers pointed out to us that recent press reports suggest that there is currently a shortage of bricks and other building materials in the UK:

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