Monday, June 04, 2007
Up,up and away! House Prices
Found on The Economist. I thought that it may interest you to see how house prices have gone up in other houses in the last 30 years. All I can say is: Germany or Japan, anyone?
House prices
Through the roof
Jun 4th 2007
From Economist.com
IF A Briton had bought a house in 1975, by 2006 that happy homeowner would have an asset worth over 14 times more. Since the mid-1990s an increasing population, supply shortfall and low interest rates have all contributed to the steep increase. Newly-flush Brits have also pushed up prices by buying properties in neighbouring countries, such as France. Germany and Japan, by contrast, have experienced relatively modest increases.
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