James Allen, head of alternative investments at Walker Crips, analyses how much property prices have really increased over the past 20 years and asks if the government was right to ‘Help to Buy' in 2013.
Given the meteoric rise in residential property values in prime London, how much has greater London outperformed the rest of the country? In real terms, adjusted for inflation, residential property in greater London has increased in value by 204.0% since 1983. The worst performing region of England over the same period is the north, which managed a rise of 164.7%. This showed there is a much closer long-term correlation between regional house prices, than many assume. When considering regional house prices (excluding Scotland and Northern Ireland), adjusted for CPI, over the last 30 y...
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