Over the past couple of weeks, during the Diamond Jubilee Celebrations, there has been much talk in the press about how the housing market differs now from 50 years ago. Now, as in 1952, the market is suffering under a cloud of austerity, but over the past 5 decades the market has been through periods of boom and bust.
Despite that, house prices have grown by more than 250% over and above the general rate of inflation during the period.
One interesting snippet of information that we found in a report this week is that house prices in the south have outperformed northern house prices over the past 40 years. The average house price in the south has risen by 164% in real terms, greater than the real increase in the north at 130%. The average southern house price in 2011 was 64% higher than the average northern house price.
For full details take a look at
http://www.propertywire.com/news/features/jubilee-property-changes-uk-201206046601.html