The YR2K bug that destroyed the affordable housing ladder
housing market banded-country-England and Wales-by-district-old and new build-1995 to may 2022
1995 house prices averaged at £51,245, which is around £100,748 in today’s money.
1996house prices rose a little, averaging around £53,394, that equates to £102,498 today.
1997average UK home sold for £59,199, a pretty significant rise that's equivalent to £110,184 now.
1998rising again to £65,201 on average (£117,333 in current terms).
1999hitting an average of £71,122 (£126,047 in today’s money). In the same year,
2000UK house prices rose fast again, hitting £80,366 on average – that’s £138,338 in today’s terms
2001UK house prices reached £88,799 (£150,193 in current money)
2002rocketed drastically again, to an average of £106,407, or £177,024 today
2003prices continued to race ahead again to £127,246 (£205,743 today)
2004 UK house prices climbed significantly again, to £148,658, or £233,412 in 2020 terms
2005UK houses sold for an average of £156,325 (£238,709 in relative terms)
2006house prices climbed once again to £166,470 (£246,328 in today’s money).
2007UK house prices had risen to an average of £181,364 in the UK (£257,337 in current terms).
Sales Volume GFC BOOM
2008the average home in the UK having a price tag of £168,974 (equivalent to £230,561 today)
Sales Volume GFC BUST
2009you could buy a place for an average of £156,512 (£214,698 now)
Sales Volume GFC BUST
2011house prices had fallen fractionally again to £165,131 (worth around £205,818 today)
2012house prices averaging £163,628 (that’s £197,598 today).
2014 upwards again, averaging £185,620 (£212,526 in current terms).
2015 UK house prices continued to rise, averaging £193,900 across the UK, which equates to around £219,829 now
2016 homes cost UK buyers £203,771 (that's £227,079 in today's money).
2017 UK house prices continued to increase and cost, on average, £209,935 – that's £225,852 in current terms.
2018 UK house prices steadily rose, reaching an average of £214,163, or £222,955 today.
2019 prices increase average £215,333, or £218,564 with inflation taken into account.
2020 property prices in the UK only went up, this time averaging £223,050
The average UK house price was £278,000 in March 2022, which is £24,000 higher than this time last year. Average house prices increased over the year in England to £298,000 (9.9%), in Wales to £206,000 (11.7%), in Scotland to £181,000 (8.0%) and in Northern Ireland to £165,000 (10.4%).
UK house prices from the year you were born to today
Real UK House Prices since 1975
