
Facts about House Prices
1. UK house prices have risen by an average of 8.2% a year since 1973.
2. If you had invested £10,000 in a house in 1974, it would be worth £162,000 now - more in London.
3. Prices fell by a whopping 15% in 2008, as a result of the credit crunch.
4. Experts said that the market would go on falling by another 10% in 2009, but this did not happen. Instead, it went up by 6%.
5. Some experts are again forecasting prices falls, as the result of a double-dip recession that may occur if Britain is unable to balance its books. What do you think?
6. The Centre for Economics and Business Research (CEBR) were quoted recently as saying: "We expect house prices to be around 15% higher at the end of 2012 than today".
7. The Nationwide Building Society went one step further and predicted double digit growth by the end of Q1 2010. This proved eerily accurate, as in April 2010 the annual rate of house price growth notched 10.5% for the first time in 3 years.