Saturday, Oct 28, 2006

Quick! Last chance to get on the Titanic

This is Money: The soaring cost of your home

Rocketing house prices have left the average British home costing 187% more than it did when the property market began its recovery a decade ago. The cost of homes in Britain has leapt by 187% since 1996. A new report by Halifax showed that the average UK house price has risen from £62,453 at the start of 1996 to £179,425 now – rising by 10.6% a year.

Posted by bufferbear @ 10:43 AM (498 views)
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1. This comment has been removed as it was found to be in breach of our Blog Policies.


2. This comment has been removed as it was found to be in breach of our Blog Policies.


3. bufferbear said...

Mods. Please delete the full stop in the title.

Saturday, October 28, 2006 10:46AM Report Comment

4. uncle chris said...

Eh! - How much are they paying their statisticians? Surely, rising from £62,453 to £179,425 is a 287% increase. I can' believe Simon Lambert cannot understand percentages - no wonder this country is in such a financial mess.

Saturday, October 28, 2006 11:03AM Report Comment

5. Hazymemory said...

?!chris, late night?

£62,453 to £179,425 an increase of £116,972
£116,972 as a percentage of initial value £62,453... 187%.

£179,425 as percentage of initial value £62,453 yes 287% but not 287% increase.

Saturday, October 28, 2006 11:16AM Report Comment

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7. Bob said...

A leap from 100% to 287% is a leap of 187%.

Saturday, October 28, 2006 11:34AM Report Comment

8. uncle chris said...

Hmmmm - suppose it's all down to the wording. Increased to 287% of the 1996 value = 187% more than 1996 value. I'll let him off this time :-) and retake maths o'level (sorry GCSE). In either case prices have nearly tripled, or should I say, houses are worth nearly 300% of what they were in 1996.

Saturday, October 28, 2006 12:16PM Report Comment

9. the bald man said...

Does this tell everyone something. We are at the top of an asset bubble.

Saturday, October 28, 2006 03:51PM Report Comment

10. Fcf said...

It would be interesting to find out how much rents have gone up in the same period.

Saturday, October 28, 2006 06:40PM Report Comment

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