‘We are due a significant correction in house prices’, claim academics

Population, employment levels and average earnings are all set to rise faster in the capital than in the rest of the country over the next 15 years, predicts Oxford Economics, and that means that "average…

Here's a nice little animation from the ONS to show just that. There were only a very few south eastern pockets with a median house price of over £300,000 20 years ago;

The average property price in England and Wales didn't move in May, leaving the annual change at +4.6%, according to the latest from the Land Registry.