This doesn’t look like a rebalancing housing market to me

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By Mark Pack | Sat 23rd June 2012 - 10:50 am

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Continuing this week’s mini-housing theme, here are the latest changes in house prices published this week by the Office of National Statistics:

* Mark Pack is Party President and is the editor of Liberal Democrat Newswire.

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John Dunn 23rd Jun '12 - 12:27pm

Good post Mark. The North South divide in one clear graph.
Richard Dean 23rd Jun '12 - 1:34pm

So accounting for inflation, nothing is increasing in real terms except maybe London? Do the games have an effect? What would a re-balancing housing market look like?

Come to think of it what would a re-balancing economy look like?
John Dunn 23rd Jun '12 - 2:38pm

Now it becomes clear why Housing Benefit needs to be at least £60,000 to live in Kensington, and why teachers in Carlisle could manage ~ (nay thrive!), on 3 shillings and 6 pence per hour.
Robin Gonard 24th Jun '12 - 8:49am

I wonder if ONS have the same graph for pay… So we can demolish the case for regional pay once and for all!
Steve 24th Jun '12 - 12:43pm

@Richard Dean
“What would a re-balancing housing market look like?”

One in which transactions are increasing back towards the mean level of the last few decades rather than lingering at half the pre-2007 level they’re currently at (because house prices are too high/uneconomic).
Judith 25th Jun '12 - 10:42pm

I think that house prices being so high is seriously bad for the community. Yes, and I’ve got one! House, that is. And a community too.