Relative value

A snapshot of relative value across the country

  • There are always relatively ‘cheap’ and ‘dear’ areas changing places through the cycle as each area in turn has a price rally, overshooting fair value and then languishing in ‘dear’ territory

  • The stars of the last quarter-cycle generally lag behind in the following period

  • Looking now across the price spectrum represented in our cases, we see that TS and WC are the cheapest on relative value

  • The inner commuter belt around London represented by CR (Croydon) shows up as the most expensive on relative value