A Recent History of the UK Housing Market

A RECENT HISTORY OF THE UK HOUSING MARKET THE HOUSING MARKET IN THE UK HAS UNDERGONE A SIGNIFICANT AMOUNT OF CHANGE IN THE PAST TWO DECADES. HOUSE PRICES HAVE RISEN, ECONOMIES HAVE FALLEN AND AVERAGE AGE OF SECOND-TIME BUYERS HAS INCREASED. THIS INFOGRAPHIC REPRESENTS THE MOST INTERESTING DATA TO HAVE COME OUT OF THE PAST 20 YEARS TO PROVIDE A CLEAR VIEW OF HOW SIGNIFICANT THOSE CHANGES HAVE BEEN. AVERAGE HOUSE PRICE HEATMAP |1991 2011 ~F50K £100K £150K £200K £250K+ AVERAGE HOUSE PRICES OVER THE PAST 20 YEARS £250K ADJUSTED FOR INFLATION 2007 AVERAGE UK housing boom ends 2011 £200K Start of double-dip recession £150K 1991 2008 Early 1990s banking crisis The recession hits £100K £50K 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 THE AVERAGE HOUSE PRICE HOUSE PRICES IN NORTHERN HOUSES IN LONDON IN THE UK INCREASED BY IRELAND HAVE FALLEN BY ARE ON AVERAGE 375% 50 % 218% IN THE 15 YEARS SINCE THE END OF THE MORE EXPENSIVE THAN BETWEEN 1992 AND 2007 HOUSING BOOM IN 2007 IN THE NORTH WEST THE GAP BETWEEN DEPOSITS (AS % OF PURCHASE PRICE) PAID BY FIRST-TIME-BUYERS AND EXISTING HOMEOWNERS HAS BEEN DECREASING SINCE 1988 FTB - 12.5% 1988 FTB - 27.5% 2010 EH - 34% EH - 39% AVERAGE PRICES BY TYPE OF HOUSE THE AVERAGE HOUSE PRICE IN THE UK TODAY IS £161,659 SEMI-DETACHED HOUSES FLATS AND TERRACED DETACHED HOUSES ARE THE CLOSEST HOUSES ARE AROUND ARE AROUND £70K TO THIS AVERAGE AT 30K BELOW AVERAGE TO ABOVE AVERAGE AT £158,364 £130,116 £228,041 SIZING UP YOUR HOME IS BECOMING MORE DIFFICULT THE DIFFERENCE BETWEEN THE AVERAGE VALUE OF A TERRACED HOUSE AND A SEMI-DETACHED HOUSE HAS MORE THAN DOUBLED IN THE PAST 20 YEARS: 1991 2001 2011 -£12K ~£15K -£25K SALARY VS HOUSE PRICE BY REGION IN 2012 THE AVERAGE HOUSE PRICE FOR UK FIRST TIME BUYERS IS 4.3 TIMES GREATER THAN THE NATION'S AVERAGE SALARY THIS FIGURE STOOD AT JUST 2.5 IN 1998 SALARY LONDON YORKSHIRE UK AVERAGE HOUSE PRICES 6.3X 3.5X 4.3X emortgage calculator DATA IS ACCURATE AS OF JUNE 2012 SOURCES: NATIONWIDE, COMMUNITIES AND LOCAL GOVERNMENT DESIGNED BY: WWW.BRANDED3.COM, WWw.SIMONMCCADE.COM A RECENT HISTORY OF THE UK HOUSING MARKET THE HOUSING MARKET IN THE UK HAS UNDERGONE A SIGNIFICANT AMOUNT OF CHANGE IN THE PAST TWO DECADES. HOUSE PRICES HAVE RISEN, ECONOMIES HAVE FALLEN AND AVERAGE AGE OF SECOND-TIME BUYERS HAS INCREASED. THIS INFOGRAPHIC REPRESENTS THE MOST INTERESTING DATA TO HAVE COME OUT OF THE PAST 20 YEARS TO PROVIDE A CLEAR VIEW OF HOW SIGNIFICANT THOSE CHANGES HAVE BEEN. AVERAGE HOUSE PRICE HEATMAP 1991 2011 ~E50K £100K £150K £200K £250K+ AVERAGE HOUSE PRICES OVER THE PAST 20 YEARS £250K ADJUSTED FOR INFLATION 2007 AVERAGE UK housing boom ends 2011 £200K Start of double-dip recession £150K 1991 2008 Early 1990s banking crisis The recession hits £100K £50K 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 THE AVERAGE HOUSE PRICE HOUSE PRICES IN NORTHERN HOUSES IN LONDON IN THE UK INCREASED BY IRELAND HAVE FALLEN BY ARE ON AVERAGE 375% 50% 218% IN THE 15 YEARS SINCE THE END OF THE MORE EXPENSIVE THAN BETWEEN 1992 AND 2007 HOUSING BOOM IN 2007 IN THE NORTH WEST THE GAP BETWEEN DEPOSITS (AS % OF PURCHASE PRICE) PAID BY FIRST-TIME-BUYERS AND EXISTING HOMEOWNERS HAS BEEN DECREASING SINCE 1988 FTB - 12.5% EH - 34% FTB - 27.5% EH - 39% 1988 2010 AVERAGE PRICES BY TYPE OF HOUSE THE AVERAGE HOUSE PRICE IN THE UK TODAY IS £161,659 SEMI-DETACHED HOUSES FLATS AND TERRACED DETACHED HOUSES ARE THE CLOSEST HOUSES ARE AROUND ARE AROUND £70K TO THIS AVERAGE AT 30K BELOW AVERAGE TO ABOVE AVERAGE AT £158,364 £130,116 £228,041 SIZING UP YOUR HOME IS BECOMING MORE DIFFICULT THE DIFFERENCE BETWEEN THE AVERAGE VALUE OF A TERRACED HOUSE AND A SEMI-DETACHED HOUSE HAS MORE THAN DOUBLED IN THE PAST 20 YEARS: 1991 2001 2011 ~£12K ~£15K -£25K SALARY VS HOUSE PRICE BY REGION IN 2012 THE AVERAGE HOUSE PRICE FOR UK FIRST TIME BUYERS IS 4.3 TIMES GREATER THAN THE NATION'S AVERAGE SALARY THIS FIGURE STOOD AT JUST 2.5 IN 1998 SALARY LONDON YORKSHIRE UK AVERAGE HOUSE PRICES 6.3X 3.5X 4.3X êmortgage calculator DATA IS ACCURATE AS OF JUNE 2012 SOURCES: NATIONWIDE, COMMUNITIES AND LOCAL GOVERNMENT DESIGNED BY:WWW.BRANDED3.COM, WWW.SIMONMCCADE.COM