§ Lord Jacobsasked Her Majesty's Government:
Further to the Written Answer by Lord McIntosh of Haringey on 28th June (WA 88), how much has the price of owner-occupied homes appreciated (a) since May 1985 and (b) since May 1950. [HL 3295]
§ Lord WhittyThe latest available figures published by my department, of the UK all lenders mix-adjusted house price index, show an estimated rise of 192 per cent between the second quarter of 1985 and the first quarter of 2000. This is equivalent to an average annual rate of 7.5 per cent.
The rise in owner-occupied house prices from 1950 to the first quarter of 2000 is estimated at 4,750 per cent. This is equivalent to an average annual rate of 8.1 per cent.