New research has shown that average property prices in the United Kingdom are 86 times higher now than in 1952 when the Queen, who celebrates her 60th anniversary this year, came to the throne.
The research from HSBC reveals that the average property was priced at £1,891 at the start of the Queen’s reign compared to an average £162,722 today.
The number of properties across the United Kingdom has almost doubled since 1952, with 14.1 million at the start of the Queen’s reign, with an estimated 27.3 million. However, the number of new homes being built each year has fallen by 46% from 248,320 in 1952 to 133,840 according to the latest estimate.
May 16, 2012 at 3:39 am | Uncategorized |
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