Recent reports on consumer and producer prices show inflation is percolating, but the all important housing category lays dormant and there is no sign of higher prices in real estate.

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Aberdeen-based Gokay Deveci was honoured in the small-scale housing development category.

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The more radical changes (localism, housing) fall under this category because there are no precedents on which to value them.

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He accepted there had been difficulties starting a new affordable housing programme, introducing a category of higher rent levels, but insisted the mayor would repeat his target from 2008 to 2012 of building 50, 000 new homes over four years.

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To the general public, real estate and housing tend to get tied up into one category.

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