Disunited Kingdom house prices | FT Alphaville

Disunited Kingdom house prices

As a coda to the regional problems with trying to create national, ‘prudential’ policies for UK house prices… here’s this chart, via the ONS on Tuesday:

It comes from Regulated Mortgage Survey data, so it doesn’t cover houses bought with cash. London’s impact on the market might not be fully captured here.

But the point stands — the variation. Indeed, without London, UK prices only rose 1.3 per cent on an annual basis in July, or 0.8 per cent, excluding the South-East too.

And in real terms that’s not much at all (update: see MJT in comments…)

Related links:
Clegg feels disquiet over Help to Buy – FT
Is the housing debate too narrow? – Social Market Foundation
Macroprudential policy at the Bank of England – BoE