> A move from the expensive city to cheaper regions would generally decrease house prices: the rise in the regions should be more than offset by the fall in Lon

> A move from the expensive city to cheaper regions would generally decrease house prices: the rise in the regions should be more than offset by the fall in London. Only if the people moving out of London owned their homes and were putting them on the market as new properties. If a renter moves out of London, it would show up in these statistics as a net increase in demand for owned housing, and any price effects would take time to percolate through via rent changes.