Average House Prices in the UK
History of Average House prices in the UK
| Year | Nominal House Prices |
Real House Prices |
| 1980 | £22,677 |
£77,402 |
| 1981 | £23,730 |
£71,883 |
| 1982 | £24,177 |
£65,913 |
| 1983 | £26,307 |
£68,348 |
| 1984 | £29,675 |
£73,295 |
| 1985 | £33,200 |
£77,724 |
| 1986 | £35,647 |
£79,560 |
| 1987 | £40,882 |
£87,787 |
| 1988 | £45,091 |
£93,651 |
| 1989 | £59,534 |
£114,793 |
| 1990 | £59,587 |
£106,591 |
| 1991 | £54,547 |
£89,818 |
| 1992 | £52,187 |
£82,524 |
| 1993 | £50,128 |
£77,841 |
| 1994 | £51,327 |
£77,849 |
| 1995 | £51,084 |
£74,948 |
| 1996 | £51,367 |
£73,315 |
| 1997 | £55,810 |
£77,587 |
| 1998 | £62,903 |
£84,569 |
| 1999 | £67,478 |
£88,761 |
| 2000 | £77,698 |
£99,906 |
| 2001 | £83,976 |
£105,277 |
| 2002 | £95,356 |
£118,100 |
| 2003 | £119,938 |
£144,151 |
| 2004 | £140,225 |
£162,912 |
| 2005 | £152,790 |
£173,471 |
| 2006 | £160,319 |
£177,801 |
| 2007 | £175,554 |
£186,258 |
| 2008 | £179,363 |
£182,997 |
Increase in Average House prices (nominal)
- From 1980 -1990 = 162%
- from 1980-2000 = 242%
- From: 1990 - 2000 = 30%
- From 1990 - 2008 = 201%
Source: Nationwide House Price index. Figures taken from house prices in Q1
Source: Nationwide house Price data