ABSTRACT
The British seem to have a peculiar obsession with house prices. News headlines report every rise and fall, the organisations that produce statistics on the housing market are guaranteed free publicity with every release of their data and day time television seems to be dominated by cheaply made programmes about the property market. The table below shows average UK house prices for the years 1950 to 2007 (taken from Table 502 Housing market: house prices from 1930, annual house price inflation, United Kingdom, from 1970 — available on the Department of Communities and Local Government web site https://www.communities.gov.uk" xmlns:xlink="https://www.w3.org/1999/xlink">https://www.communities.gov.uk).
