BBC Today program

An early start in London to include a quick chat with Evan Davis & the Today team to discuss the implications of the mortgage drought.

You can listen here.

Many people picked up on my comment that “as you drive from central London to Salford in Manchester the average value of a house falls by £3500 a mile”. Listeners called the BBC, I had an email from the More or Less program who check such facts and Twitter was busy asking if this could really be true.

I used the helpful Land Registry website to compare the value of homes in Central London (Kensington & Chelsea) with Salford in Manchester where I was heading to do a turn for BBC Breakfast. The 209 mile journey sees prices fall from an average of just over £1m to around £95k in Salford.