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Topic: Business
Number of pages / Number of words: 12 / 3131
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A large proportion of this occurred during the previously noted period 2000-2004, during which house prices doubled.

Figure3: Average House Price

Source: Nationwide

However, this is not the first time that the UK housing market has experienced such strong levels of growth. Source (GLA Economics)

Similar rates of inflation where recorded in both the late 1970s and late 1980s...


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Source (GLA Economics)

Similar rates of inflation where recorded in both the late 1970s and late 1980s. What makes the present period more exceptional is that rapid house price inflation has coincided with a period when general inflation has been low. As a consequence real house prices have risen substantially, and more markedly than in other periods...


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