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Apr
22
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According to Halifax, UK Mortgage lender, homes have been a good long-term investment for some people. The average home has almost quadrupled in value, having risen by 273% since 1959 in real terms.
UK Housing Booms
Four big house price booms have occurred in the last 50 years. They were: 1971-73, 1977-80, 1985-89, and 1998-2007.
House Price Rise England, Wales & Scotland
Over the last 50 years, the biggest rise in prices was in greater London, whereas the smallest increase was in Scotland.
Read the full detailed article at BBC Business