Mark Pack

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

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

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

Graph reproduced courtesy of the Open Government Licence.

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

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6 Comments

  • 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).

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