OBR slashes property price growth forecasts

‘The latest near-term indicators of housing market activity point to a significant weakening’, warns the Office for Budget Responsibility, as it anticipates falling property prices and transaction numbers this year.

These maps show how tricky it is to measure inequality in local areas across England

In the UK, people often think about inequality in geographical terms: for example, places such as Kensington in London are considered ‘rich’, while Blackpool in Lancashire is considered ‘poor’. In reality there are rich and poor areas almost everywhere, but they are not distributed evenly across England, write Alasdair Rae and Elvis Nyanzu

Carrington on Q4: Gauging the tipping point

Assuming a discount of about 20% against house prices at their peak, in 2014, the £2.5m house or flat becomes £2m which allows the purchaser to factor in stamp duty and provide insurance against uncertainty in the market, says LonRes Chairman William Carrington…

Why the housing ladder doesn’t exist any more

The FT’s Thomas Hale has written an interesting piece (with lots of sums), arguing that the traditional lifetime escalation from a first-time buyer’s flat to a family-sized house is now ‘a myth that young people cling to, without any basis in reality’.