Blog Post

Platinum property prices

TomS - Head Tom Simper May 21, 2022, 10:00 AM
273_Dataloft_Coronation_comparison-01

As the nation prepares to celebrate the Queen's Platinum Jubilee, we’ve looked back at changes in the housing market during the reign of Queen Elizabeth II.

In 1952, the average price of a home was just £1,891. Adjusting for inflation that would be £57,997 today. At £267,620, the current average price of a home is over four times that figure.

Back in the 1950s, over two-thirds of households were renters; today close to two-thirds of households are owner-occupiers.

Like today, there was a housing shortage. But the 1950s was an era of rapid housebuilding, as part of the post-war reconstruction.

For those seeking to buy, the average price of property in 1952 equated to 4x average annual earnings, compared to over 8x today. Source: Dataloft, Nationwide, ONS

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Sold a property, and Gill was amazing throughout the process!"

- Rachel

"I was shown around a property by Abbey Bird, it was a lovely viewing"

- Sophia

"If you need an Estate Agent who is going to really go the extra mile, Dewi is THAT person."

- James

"Would highly recommend Peter Anthony when selling your property."

- Gwen

"Very good estate agency"

- Junaid

"As a tenant, this might be the best agency I've worked with so far."

- Jeddy

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"Keep it up the good work. I thank you very much"

- Richard