16 May 2012

Find a property

The average property price has increased 105 times since the Queen was coronated. In 1952 it cost just £1,520 to buy a property and the average price of a London home was £16,493.

During the Queen’s silver jubilee, the average property price was still only £9,737 according to the Daily Mail.Comparatively, the average property price during the upcoming jubilee celebrations will be approximately £160,000.

Adam Challis, Head of Research at Hamptons International, commented that: '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.

@MovewithUs

Picture sourced from the Daily Mail.

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