Express & Star

Star comment: All eyes on the property market

The state of the property market is a key indicator of the British economy.

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It is subject to ups and downs, as prices rise and fall, though generally the trend is for those who own property to become increasingly wealthy.

Property has been a good bet for investors for many decades, and beyond its importance as an economic indicator, it is also hugely important to individuals.

For most people, a home is the most expensive purchase they will ever make. People naturally follow the movement of property prices, as they see their own fortunes rise or fall.