Housing

Flat broke Sir: John Power’s article on the property squeeze (‘Flatlined’, 18 April) identifies a symptom of a deeper problem, the overregulation of property. Buyers are deterred by spiralling service charges, which are themselves driven by layers of legislation, insurance premium hikes and rocketing labour costs. Those still willing to take the plunge are then hit by a tax system that actively discourages transactions. In the absence of buy-to-let demand, it is no surprise values are dropping. The solution is obvious. Stamp duty, with its crude cliff edges, freezes activity and distorts prices. A landlord or renovator can face £20,000 or more in tax on an entirely ordinary flat, a deterrent by design. This is not a plea for higher prices.

Last month, a new account called London Price Drop appeared on X. It has already gained more than 14,000 followers simply by posting screenshots from Rightmove, which illustrate how properties in the capital are falling sharply in value. One of these is a leasehold flat in Shepherd’s Bush purchased for £425,000 in 2017, before being re-listed for £395,000 in May 2024, and eventually sold for £325,000 last August. Adjusted for inflation, that represents a real terms loss of close to £250,000. The London Price Drop account is so popular because it contradicts an assumption that many in Britain hold dear. Young or old, owner or renter, almost all of us believe that buying property is the route to wealth, and that house prices, in the long run, always go up.

I was intending to write one of those ‘Ten tips to change your life’ lists that fill so many column inches at this drab time of year. But I got no further than ‘Buy bigger trousers’. Instead, I’ll tackle some of the obvious questions you might be asking as you watch snow turn to slush and wait for the boiler repair bloke to answer his phone. Can I cheer you up? Let’s see. First, will 2025 be a good year to buy a new home (a decision that should always be taken on at least a five-year time horizon)? Pundits see house prices going up (and mortgage rates eventually coming down) in 2025, but not by much. More usefully, Savills predicts 23.

Gold standard The Paralympics were instigated in 1948 and first held alongside the Olympics in Rome in 1960. But disabled athletes were competing in the Olympics long before that – notably George Eyser, a German who settled in St Louis, USA. That he had lost a leg after being run over by a train and wore a wooden prosthetic did not stop him taking up athletics and gymnastics. When the Olympics came to his city in 1904 he won three golds: in the parallel bars, long horse vault and 25ft rope climb. He won three other medals, on the pommel horse, horizontal bars and in a team event. He also competed in the triathlon, which in those days consisted of a 100m run, the long jump and shot put – but came last. Ship shape How dangerous is it at sea?

SS-GB The car company Jaguar said it won’t make any new cars for a year as it re-invents itself as an electric-only car company. For a long time the automatic choice of stockbrokers in the ‘gin and Jag belt’, the company had beginnings that were less luxurious. It was founded in 1922 as the Swallow Sidecar Company to make sidecars for motorbikes. It produced its first car, a two-seat open tourer, in 1935, by which time the company was known as SS Cars. Remarkably, it retained this name almost entirely throughout the second world war until, to escape associations with the Nazis, it was renamed Jaguar – a brand name it had previously used on sidecars. Info wars Education Secretary Bridget Phillipson wants children to be taught how to spot misinformation online.

Splitting the difference Sir: Hannah Moore’s article ‘Split personalities’ (27 July) is brutal. ‘There’s no such thing as a kind divorce,’ she writes. Ms Moore cites Amicable, the company I co-founded after my own long, painful divorce, as promoting the impossible idea of a ‘successful divorce’. Unless you have been divorced, it is hard to understand the pain and soul-searching that ending a marriage entails. Emotionally, psychologically and financially, it tears you apart. Divorce can reduce unhappiness and remove unbearable pressure from families. In broken relationships, the only thing worse than breaking up can be staying together, especially for the children. Do you really want to role-model ‘put up or shut up’ to your kids?