Increase in property value over 10 years
- As the story goes, one of the wise men gave the gift of gold but gifting a home might have been more financially prudent.
- The average price of a house in the UK is currently £294,559, this is a 73% increase in value compared to 10 years ago (£170,295). In comparison, the value of gold has risen by 37% over the same period.
- While price correction is anticipated in the property market over the course of 2023 and 2024, the Office for Budget Responsibility anticipate price growth will return from 2025. Source: Dataloft, UK HPI, LBMA (September 2012 to September 2022)
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