21
May
Homes 86 times more expensive during Queen's reign
Those who bought houses at the start of the Queen's reign in 1952
have seen the price of their home rocket by 86 times its original
value over the last 60 years, it has been reported.
HSBC has conducted a study, with the Queen's diamond jubilee just
weeks away, and discovered that the average price of a house in the
UK has risen from just £1,891 in 1952, to £162,722 in
2012.
The number of people owning a home has also almost doubled over the
period, from 14.1 million to 27.3 million.
Peter Dockar, head of mortgages at HSBC, said: "There is no doubt
that property has remained a sound investment over this period,"
adding that the property market has undoubtedly changed hugely,
pinpointing the second half of the monarch's reign in
particular.
The Queen's diamond jubilee takes place this June, with Brits being
gifted a long weekend from work as a result.