Nowadays, the average house price is more than four times this, at £260,000
According to analysis carried out to mark the Queen’s Platinum Jubilee celebrations, the average UK house price 70 years ago has been revealed to be around £56,000 in today’s money
Lucian Cook, head of residential research at Savills said: “House price growth over the past 70 years has meant that the nation’s housing stock has become a vast source and store of household wealth during the Queen’s reign. Mr Cook added that house price upswings “have been magnified by a systemic undersupply of housing over the past 40 years”.
Mr Cook said: “This period fundamentally altered the way in which we looked at our home as a route to financial prosperity, fuelling the nation’s obsession with house prices.”
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