Property prices in England and Wales have quadrupled over the last 20 years

Property prices in England and Wales increased by about 300% over the last 20 years and the average price in absolute terms has increased from £66110 in 1995 to £262847 today.

However, the analysis presented international real estate Agency Savills shows that there were significant regional variations in the growth of housing prices in the UK.

Analyzing 20 years of data, it can be noted that in the 5 top areas of England and Wales prices rose by 538% from £108032 in 1995 to £689649 in 2015.

In contrast, 5% was the smallest rise in prices, only 148% from £46819 in 1995 to £115954 in 2015.

Moreover, there is not only a division of the UK regions into rich and poor, but within the same city is observed a widening gap between rich and poor districts.

Only 5.5% of all housing in the UK is now less than £100000. And in 1995, this property was 88% .

66% of the estate worth more than £1 million, with 53% of real estate more expensive than £1 million is in London, in 1995 only one-eighth part of the housing cost more than £300000. Twenty of the most quickly growing areas located in London. Thirty most expensive in 20 years, areas outside of London located in Brighton and Hove, Cambridge and North Oxford, and on the South and East coast of England – in Norfolk and Cornhole.

The city experienced the lowest growth in property prices over the last 20 years, located mostly in the North of England.

® Alice Morgan. G. 04.01.2016

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