Office for Budget responsibility forecast on house prices........

It's a new day, so naturally something has been said about house prices. This time it's the Office for Budgetary Responsibility (OBR) finds that rises in house prices are likely to outstrip rises in pay for at least the next five years and possibly for decades to come. Only a "historically unprecedented" boom in housebuilding will stop households having to pay an increasingly higher proportion of their income to service their mortgage debt, the OBR adds. See the full report http://www.budgetresponsibility.org.uk/wordpress/docs/WP06-final-v2.pdf