§ Mrs. Margaret EwingTo ask the Secretary of State for the Environment (1) what has been the average annual percentage rise in house prices in(a) England and (b) Wales since 1968; and what information he has on the annual average building society interest rate for depositors since 1968;
213W(2) what has been the average annual percentage rise in house prices in Scotland since 1968; and what information he has on the annual average building society interest rate for depositors since 1968.
Year to year percentage change in Building Society mix-adjusted Price index1 Building Society average net (UK) share rate2 Year England Percentage Wales Percentage Scotland Percentage Percentage 1968 n/a n/a n/a 4.37 19693 5 5 7 4.82 1970 8 7 7 4.94 1971 14 13 7 4.95 1972 31 24 19 4.88 1973 38 38 37 6.51 1974 7 10 15 7.53 1975 6 9 13 7.21 1976 6 9 18 7.02 1977 9 5 10 6.98 1978 16 18 14 6.46 1979 30 26 18 8.45 1980 21 20 15 10.34 1981 6 8 9 9.19 1982 3 5 7 8.80 1983 11 10 13 7.27 1984 11 4 7 7.74 1985 9 8 5 8.69 1986 15 8 6 7.75 1987 17 9 7 7.42 1988 27 20 8 6.87 19894 24 41 17 59.08 1 Based on 5 per cent. building society mortgage survey which began in the second quarter of 1968. Figures for the fourth quarter of 1989 are not available. 2 Net share rates from Council of Mortgage Lenders/Building Societies Association. 3 Percentage change in index between last three quarters of 1968 and same period for 1969. 4 Percentage change in index between first three quarters of 1988 and same period for 1989. 5 Average rate paid at the end of June 1989 by largest 20 societies.