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Median house prices in London the median house now cost up to 12 times the median London salary. In 1995, the median house price was £83,000, 4.4 times the median income. By 2012–13, the median income in London had increased to £24,600 and the median London house price had increased to £300,000, 12.2 times median income [8]
There was a fall in the numbers of house completions after the 2008 recession, but by 2015 it was back up to 169,000. [54] According to the Centre for Ageing Better 21% of homes in the UK were built before 1919, 38% before 1946, and only 7% after 2000, making the British housing stock older than any European Union countries. [55]
Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5.1trillion (2014). [3] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20billion in UK real estate in 2012. [4] [needs update]
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Property Week is a UK business-to-business magazine which reports on the worldwide commercial and residential property market. It reports news, features and analysis and the latest information from the industry - from development opportunities to investment prospects, professional and legal coverage to regional surveys, plus vacancies.
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UK house prices between 1975 and 2006, adjusted for inflation Robert Shiller's plot of U.S. home prices, population, building costs, and bond yields, from Irrational Exuberance, 2d ed. Shiller shows that inflation adjusted U.S. home prices increased 0.4% per year from 1890–2004, and 0.7% per year from 1940–2004, whereas U.S. census data ...