UK house prices rose the most under Tony Blair
Home ownership levels peaked 10 years. What’s happened in the last decade to turn almost a whole generation into renters rather than home buyers?
The imagery and the towns change, but the theme of party conferences is always the same: we are the party looking out for YOU.
An average three-bed house cost £2,000 in 1952. In 2012 it costs £162,000. That’s an inflation of 8,000%. Have you ever wondered – I mean really wondered – why this is the case?
The long fall in rents after 1997, relative to house prices, can largely be accounted for by the secular fall in interest rates, says Tim Leunig.
During the housing boom, rents were cheap by historical standards. What we’ve seen is a correction.
The British public, in aggregate, paid down existing mortgages over the month, rather than taking on new home borrowing.
Does this matter for the wider economy? Interesting the OBR suggested in March that it does not.
The Royal residence was worth £11m when the Queen came to the throne and that now risen to around the £1bn mark.Windsor Castle has also done well.
Another month, another batch of housing figures – with some surprising nuggets hidden among them
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