House Price Changes Over the Years

Statistics can be used to prove and show anything. However we all know that over time property prices have increased. Below are four examples, from different sources that show property prices increasing over the last 30-80 years.

Property never goes in a smooth line and most people would expect the prices to be the same for the next 12-18 months, but we will then have been in a period since 2004 until now where prices have not really risen (they went up and came back down). So 8/9 years later (from 2004) we are at the same prices. This has been common in previous dips but is followed by rises above average.

No one has a crystal ball, but they support our belief that house prices will continue to rise in time. We project all our modelling at 4% market growth even though the average for the last 80 years is 7.9%. This means we are very conservative.

Source 1

Since 1957 property prices have risen on average 11.3% a year (source land registry)

Source 2

The Sun – Saturday 1^st January 2011. Backed by The nationwide house price index.

House prices increased every single year between 2000 and 2010 except for in 2008 when they dropped 15.9%. Overall in the decade prices more than doubled.

Source 3

Press release from the Halifax at 2004, showing price changes during different governments (I dont mind who the government was – I am interested in the rises)

( I also don’t mind the fact data is from 2004 as it the years backwards we are showing here).

Source 4

Daily Mail – Monday January 31^st 2011. Backed with research by the Halifax.

So in the North the overall growth over 30 years is that the property has increased in value by 5 times. In the South it has been 5.5 times. 6% per year for the last 30 years.