House prices have increased 138 times in value during the Queen’s 70 years on the throne.
As the country prepares to celebrate Queen Elizabeth II’s Platinum Jubilee, #go2mortgages has looked back at the development of the property market during Her Majesty’s reign.
Average house prices were £1,891 in 1952 at the start of her reign and are now £260,771, an increase of 138 times.
Aka today’s average monthly household disposable income of £2616 would have bought you a property outright at the coronation!
The data also demonstrates the long-term strength of the housing market and the value of property wealth as part of most people’s overall assets. While nothing is certain, history suggests that investing in a home pays off over the long term. We would love to help you capitalise on this investment opportunity, so please reach out to one our qualified #mortgage advisors (after the bank holiday maybe?!) on 01242 237866 or phil@go2-mortgages.co.uk
But for now, enjoy the long weekend. We hope it is filled with scones and pimms and all things red, white and blue!
