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
Good post Mark. The North South divide in one clear graph.
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?
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.
I wonder if ONS have the same graph for pay… So we can demolish the case for regional pay once and for all!
@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).
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.