Falling house prices may seem like a good thing - but it's renters who are paying the price | Josh Ryan-Collins

With first-time buyers unable to get a mortgage and landlords hiking up rents, it's a vicious cycle UK house prices are falling. In the year to February, prices fell by 1.1% to reach their lowest level for over a decade. The drivers are clear: inflation and rising interest rates are combining to put off mortgage borrowers. Approvals are at the lowest rate since 2009. Without hefty government intervention, the current negative trajectory will continue. If inflation remains above wage growth, buye...