Rowntree report focuses on local & regional UK House price changes

Posted on January 19, 2011 by Professor Benfield There have been 0 comments

UK is World’s Most Volatile Market

According to the Joseph Rowntree Foundation, the UK’s housing market is one of the world’s most volatile. Concerns raised include the way low-income households are being priced out of the housing market.

House Price Grown Varies by Area

Showing that differences between areas in house price growth became bigger than ever during the latest housing market cycle, the authors argue that a different sort of policy response  is needed to address the many deep structural variations in the housing demand.

New Ways of Analysing Data

The report uses a new way of analysing  price data to look at:-:

  • How the nature of UK housing market volatility is changing.
  • The way in which house price gaps are widening between different localities
  • What causes lie behind the regional & local differences identified;
  • The way in which household mobility could  lock-in these differences.
  • What it would mean if policy responses focused more on demand.

Long Term Insights

For anyone interested in gaining deeper long term insights into the structure of home ownership and rentals across the UK, including the issue of Affordable Homes, this is an important document

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