Platinum property prices

As the nation prepares to celebrate the Queen's Platinum Jubilee, we’ve looked back at changes in the housing market during the reign of Queen Elizabeth II.

In 1952, the average price of a home was just £1,891. Adjusting for inflation that would be £57,997 today. At £267,620, the current average price of a home is over four times that figure.

Back in the 1950s, over two-thirds of households were renters; today close to two-thirds of households are owner-occupiers.

Like today, there was a housing shortage. But the 1950s was an era of rapid housebuilding, as part of the post-war reconstruction.

For those seeking to buy, the average price of property in 1952 equated to 4x average annual earnings, compared to over 8x today. Source: Dataloft, Nationwide, ONS

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This week marks another significant moment in the rollout of the Renters' Rights Act — and this one comes with a direct financial consequence attached. From Monday 22 June, councils across England now have the power to issue fines of up to £7,000 to landlords whose properties contain serious hazards that haven't been addressed.

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