10:36 AM, 1st June 2012, About 12 years ago
There are so many valuable discussions for Landlords going on over on Property Tribes this week I thought I would reproduce their latest newsletter entitled: PropERty Tribes celebrates 60 years of HRH, which also lists the top 20 discussions of the week with links to them.
The average property price in the UK is 86 times higher now than in 1952, research by HSBC has revealed ahead of the Diamond Jubilee.
At the start of the Queen’s reign the average property was priced at £1891, compared to an average £162,722 today.
By comparison, retail prices have risen by a multiple of 25 over the same period, meaning that for most people buying a home has been a very good investment even after stripping out the effects of inflation.
The number of dwellings in the UK has almost doubled since 1952, with 14.1 million at the start of the Queen’s reign, compared to an estimated 27.3 million today. However, the number of new homes being built each year has fallen by 46%; from 248,320 in 1952 to 133,840 in the latest estimate.
Two-thirds (68%) of the country are now owner occupiers, compared to one third (32%) in 1952. Indeed, at the start of the Queen’s reign half of the country was renting privately compared to 14% today.
Peter Dockar, Head of Mortgages at HSBC, said: “There is no doubt that property has remained a sound investment over this period.”
From Property Talk Live!
Congratulations to HRH and here’s to the next 60 years! Have a great Jubillee Weekend everyone! 🙂
It could be a great one for following the Top 5 signposts to a holiday let with year round occupancy potential!
Top discussions on Property Tribes for Jubilee Weekend.
Posted by Richard Jackson on May 29, 2012
Posted by Jane Macswayne on May 29, 2012
Posted by Bengt Lagander on May 29, 2012
Posted by Gregory Kirby on May 28, 2012
Posted by Angela Bryant on May 27, 2012
Posted by JP Source on May 24, 2012
Posted by Jonathan Clarke on May 27, 2012
Posted by TheGuy on May 29, 2012
Posted by Northwest builder on May 28, 2012
Posted by Ben Williams on May 29, 2012
Posted by Vanessa on July 9, 2010
Posted by Charlie Burnett on May 30, 2012
Posted by John on May 29, 2012
Posted by Kevin Wright on May 23, 2012
Posted by Vanessa on May 18, 2012
Posted by Richard Essex on May 23, 2012
Posted by Ken on May 28, 2012
Posted by Bromwyn Petersen on May 20, 2012