60 years of increases
PROPERTY prices have increased 105 fold during the Queen's 60-year reign and 16 times since the Silver Jubilee in 1977, according to new research from Hamptons International.
At a time when the nation is gearing up for a weekend of street parties and celebration, the Hamptons International research analysed the cost of a home in 1952, 1977 and 2012.
In 1952, the average price of a home in the UK was just £1,520 and £9,737 in 1977, compared with £160,000 today.
The research found that the average price of a home in London has risen 134 fold since 1952 and 21 fold since 1977. In 1952, the average price of a London home was £2,650, in 1977 it had risen to £16,493 compared with the average price of £354,300.
Business Cards From Only £10.95 Delivered www.myprint-247.co.uk
View detailsOur heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Friday, May 31 2013
Adam Challis, head of research at Hamptons International, says of the findings: "Britons are well known for their love affair with bricks and mortar and our jubilee property price analysis goes some way to prove just what a reliable investment property has been over the long-term.
"A 105 fold increase in the value of the average home in the UK over a 60 year period equates to a profit of just over £7 a day. This profit is inflated even more in London, where price growth represents £16 a day over a 60 year period, representing a rather healthy return on investment."
Comments