Era of ‘massive’ UK house price rises nearing end, says OBR economist

The housing market has recently moved up the agenda for both the main political parties. Photograph: Glyn Kirk/AFP/Getty Images

The era of “massive” house price rises in the UK may be about to end, according to a senior economist at the government’s spending watchdog.

David Miles, a member of a key committee at the Office for Budget Responsibility, said one of the main factors that would make runaway house price growth less likely was the increase in working from home.