Owning your own home

fair value..

But the only governor of fair value is supply and demand. Will anything change fundamentally in this equation in the next x years?

My view is:

• The market is flooded with first time buyers who are now participating due to upturn in economic confidence
  
• Help-to-buy has enabled more buyers to enter the market with lower LTV ratios
  
• Low interest rates enable lower LTVs, both for prospective buyers and home-owners
  
• There is ongoing lack of construction to meet increasing demand
  
• We have an economy that is truncated to the South East, and London in particular