1 Jun

House prices rose every month for 35 years

House prices rose every month for 35 years

With the Queen's diamond jubilee weekend now almost upon the UK, one leading mortgage firm has taken a look at the housing market over the 60 years the monarch has been on the throne.
John Charcol said that only Nationwide has a database which goes back as far as the 1952 coronation.

It reported that housing prices in the UK rose for every single month over a 35 year period between 1955 and 1990.

It also said that the number of homes in the UK had increased to almost 27 million over the last 60 years, almost doubling.

Ray Boulger of John Charcol said: "It is quite amazing that that house prices rose in every single 12 month period for as long as 35 years, but it does help to demonstrate why home ownership became increasingly popular!"

Last week, it was reported by HSBC that the price of homes in the UK has increased by 86 times in the last 60 years.ADNFCR-1222-ID-801377781-ADNFCR

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