A Recent History Of The UK Housing Market – Infographic
14August 2, 2012 by Bob Thomas
In the past two decades the average price of a house in the UK has risen. This is due to different factors such as the interest rates and the areas in which the properties are. Also the fact that 100% mortgages were introduced onto the market meant that it was a lot easier for people to get a mortgage. This however is having an adverse effect as more people are buying properties.
Due to the current economic climate however these people are struggling to make some repayments and as such the housing market is being flooded by people that want to sell their home. But, with the average house price being £161,659 not a lot of people can afford to take on the burden of the mortgage. Some don’t have the money that they need for the deposit on the property.
There are some interesting facts that are highlighted here as the price and locale show that things have changed over the years as you would have expected.
This infographic shows how the housing market has sky rocketed during the last 20 years and was created using data from Emortgagecalculator.co.uk
The visual aid really enriches the article, great work!
I remember when my wife and I first started researching to move to Germany,.. this was 2-3 years ago… renting was ridiculously cheap… not so much these days…buying is unthinkable.
These infographics are really interesting, I live in France for part of the year and it is surprising to see how the different European countries can react to the current economic period and how it affects the Housing Market.
This is really interesting, and scary of course for someone like me who is not on the housing market, and doubt I ever will be able to. Not until I inherit from my parents and that will be in my 60s I’m sure. However, it makes me reconsider property as a safe investment, if one day I’m in that situation.
Renting seems like a good option…
This infographic represents very good the evolution of the housing market in the UK! nice work
Some interesting facts made easy to understand!
In my country we are having the same issues. Every decade the housing market increases its prices, however the basic salary remains the same, making it even more difficult to buy a property.
Thank you all for your comments. I think that getting on the property ladder in the near future is going will be unrealistic for most people.
How many of you are renting because of waiting for the right time to buy a property or because of not being able to afford it?
How did London became 218% more expensive then the North-West? Incredible… Very nice graphic this.
With those prices, renting is the only option for most people…
In Spain the situation is even worse coz of the crisis. Buying there won´t be an option for most of the people from now onwards…
I guess the housing market is generally changing everywhere all the time, comparing it with the Czech Republic, I guess it has some things in common…
The UK as a whole will consist of hotspots and areas severely hit by economic woes. I believe that UK house prices as a whole will fall again in 2013 . Average house prices of course should be taken with a pinch of salt, there is no such animal. As a visual roadmap, I see price falls rippling out from London suburbs in concentric circles, getting worse as they spread. There will be hots spots of stable economy towns and these along with very desirable properties will be somewhat protected.