• The purpose of the the Economic Policy Centre (EPC) is to promote high quality research and debate across all areas of economics in a free democratic society.
    The EPC's vision is to close the gap between economic policy and knowledge. Ultimately it brings together economic opinion formers - in academia, business, the media and government - in new and innovative ways.

  • Property prices now updated to January 2017

    March 11th, 2017

    As always, caution with the latest month which is always  half-complete. We are careful to update the last 12 months data to capture any revisions, additions or deletions, for which the latest few months invariably have in abundance. 

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    Article source: http://ukcrimestats.com/blog/2017/03/11/property-prices-now-updated-to-january-2017/

    New upgrade to “Where can I afford to live?” tool

    March 5th, 2017

    So I’m quite excited to tell you about some improvements we have made to the free to use  app – where can I afford to live? – which is here.

    You can now specify not only the area type (e.g. postcode sector, middle super output area etc.) and your budget range, but now the type of property (flat, detached house or even non-residential – other) and we now newly reveal how many transactions make up that average price over the last 24 months.

    In my most full-time, part-time job at the Institute of Directors where I work on infrastructure policy, I have done quite a lot of work on broadband (see full paper here) and I am working on a big housing piece at the moment.

    I am very struck by looking at this house price data and in particular using this tool, that there are large pockets of affordable housing all over the country. It’s just that the connectivity isn’t in place in many rural areas to make them viable homes and locations to live and work in. Ultrafast broadband to these areas really would be transformational – we could have a dynamic rural economy.

    I’m sure this will change in the fullness of time but there is an argument that building ultrafast connectivity would be better done from the most remote areas inwards first. This would take some pressure off public transport and the road network for longer commutes to places of work and may even lead to urban de-scaling.

    More importantly though, it would increase the disposable income of people who can make life work in much cheaper areas of the country and put capital to much more productive uses.

     

     

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    Article source: http://ukcrimestats.com/blog/2017/03/04/new-upgrade-to-where-can-i-afford-to-live-tool/

    All postcodes on UKCrimeStats now updated to February 2017 for crime and property

    March 5th, 2017

    Every few months, there are a few thousand new postcodes and some that are deleted too. So it’s important to stay updated and current. We have just added 4,900 new ones since the last update at the end of last year.

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    Article source: http://ukcrimestats.com/blog/2017/03/04/all-postcodes-on-ukcrimestats-now-updated-to-february-2017-for-crime-and-property/

    Crime and Property Price Data updated to October 2016

    December 18th, 2016

    The leading crime and postcode data research and analysis platform

    Article source: http://ukcrimestats.com/blog/2016/12/18/crime-and-property-price-data-updated-to-october-2016/

    Crime data now updated to September 2016

    November 18th, 2016

    The leading crime and postcode data research and analysis platform

    Article source: http://ukcrimestats.com/blog/2016/11/18/crime-data-now-updated-to-september-2016/

    Property prices now updated to September 2016 for England and Wales

    November 14th, 2016

    As always, property transactions take a little while to filter through on the Land Registry, so we expect the number of listed transactions at 30,867 for September to double. As a rule, we refresh every month since the beginning of the year to ensure we capture every late addition. If you look at the history, March 2016 had the second highest number of transactions on record at 138,197 behind May 2002 at just over 139,000.

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    Article source: http://ukcrimestats.com/blog/2016/11/14/property-prices-now-updated-to-september-2016-for-england-and-wales/

    All eyes on Harmondsworth tomorrow . . .

    October 24th, 2016

    So if the government decides on Heathrow, people living there will be wondering how much their properties are worth, given that the payout is 25% plus market value, assuming of course, it all goes ahead. Using historic Land Registry prices, updated to the lastest month, you can see the relevant postcode sector here – UB7 0 – which I think is the closest geospatial match to the site of the 3rd runway.

    Image below – full page and historic property prices here on postcode sector UB7 0.

    Article source: http://ukcrimestats.com/blog/2016/10/24/all-eyes-on-harmondsworth-tomorrow/

    London Property Price Trends Revealed . . .

    October 24th, 2016

    This is my latest article for the excellent Planning in London magazine. The number crunching of millions of property prices paid matched geospatially was only possible through the platform of  www.ukcrimestats.com which you can subscribe to at any time from just £2.99 a month.

    Here are the first few words of the article – London Property Price Trends Revealed;

    A Martian landing in London today would fast realise that the capital’s number one obsession is property prices. It is just inescapable that for most Londoners, incomes have not kept pace with property prices and they have become poorer.

    The average price of a London home in January 2000 was £179,821. In March 2016, it was £625,120. Even allowing for inflation from 2000-2015, the average home would be costing just over £270,000. No wonder then that London’s prospective first time buyers need a minimum annual income of £77,000, or three times the national average to get a mere foot on the property ladder.

    Yet within these datasets from the Land Registry, a different story emerges, made only possible by the creation of a highly capable geospatial database, which goes far beyond any public facing property website – www.ukcrimestats.com.

    And the planning implications are huge.

    Read on for the full article here.

    Article source: http://ukcrimestats.com/blog/2016/10/24/london-property-price-trends-revealed/