Not in the real world

Gordon Brown's choice of Ealing as the location for his meeting a real person to promote his new economic master-plan was odd. The scheme raises the lower limit for stamp duty to £175,000, a figure that might seem a lot in some areas of the country but not in Ealing. I believe the national average price for a property is just over £200,000, in Ealing it is about £325,000. Here is a list of the most recent property sales in Ealing, spot how many come in under £175,000. Mind you in a year or two that position might change somewhat, maybe Gordon Brown is just being prescient.

For anyone who doesn't believe that property prices are in freefall, take a look at Property Snake; the page for Ealing is here.