21 May

Homes 86 times more expensive during Queen's reign

Homes 86 times more expensive during Queen's reign

Those who bought houses at the start of the Queen's reign in 1952 have seen the price of their home rocket by 86 times its original value over the last 60 years, it has been reported.

HSBC has conducted a study, with the Queen's diamond jubilee just weeks away, and discovered that the average price of a house in the UK has risen from just £1,891 in 1952, to £162,722 in 2012.

The number of people owning a home has also almost doubled over the period, from 14.1 million to 27.3 million.

Peter Dockar, head of mortgages at HSBC, said: "There is no doubt that property has remained a sound investment over this period," adding that the property market has undoubtedly changed hugely, pinpointing the second half of the monarch's reign in particular.

The Queen's diamond jubilee takes place this June, with Brits being gifted a long weekend from work as a result.ADNFCR-1222-ID-801368021-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.