Monday, 16 April 2018

Housing Minister Defends Claim Of Immigration Impact On House Prices


Dominic Raab, the housing minister who claimed in an interview that immigration had “put house prices up by something like 20%” over the past 25 years, has had to contextualise the figure. The UK Statistics Authority asked Raab, a leading Brexiter, to publish the evidence for his claim.  A document published by the Ministry of Housing, Communities and Local Government shows that the finding was based on an out-of-date model that had never been intended for this kind of analysis. Raab defended his use of the model, which estimates the impact of population growth, inflation, interest rates, housing stock and wage growth on house prices. Read more on the Guardian website.

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