HL Deb 16 June 1986 vol 476 cc717-8WA
Lord Houghton of Sowerby

asked Her Majesty's Government:

What is the comparison between the rise in the price of dwelling-houses and the movement of the rate of inflation for each year since 1975.

The Minister of State, Department of the Environment (Lord Elton)

The annual increases in the price of dwellings and in the retail price index in the United Kingdom since 1975 are as follows:

PERCENTAGE INCREASE ON PREVIOUS YEAR
Dwelling price index* RPI
1975 .. .. 6 24
1976 .. .. 9 17
1977 .. .. 8 16
1978 .. .. 16 8
1979 .. .. 29 13
1980 .. .. 21 18
1981 .. .. 6 12
1982 .. .. 2 9
1983 .. .. 12 5
1984 .. .. 10 5
1985 .. .. 9 6

*Index of prices of a standard collection of dwellings (excluding sales to sitting tenants) based on a sample survey of building society mortgages completed for house purchase.