Wednesday, January 20, 2010
The average UK house price has increased by 273% since 1959 in real terms, an annual rate of 2.7% above inflation. House prices recorded their biggest increase in the latest decade with a real rise of 62% during the 2000s (5% p.a.); the worst performing decade was the 90s with a real drop of 22% (-2.4% p.a.). In 1971, 70% of households were composed of a married couple; by 2009 this had fallen to 42%. Government housebuilding has dropped from 128k to 39k.