How much house prices have risen over 20 years revealed – as one area jumps 124%
Three areas where property values have doubled in two decades
- UK house prices have increased by 74 per cent in the last 20 years, adding more than £150,000 to the average property value, according to Zoopla.
- London has seen the biggest increase, with average house prices more than doubling (119 per cent) in the last 20 years, while North East England saw a more modest rise of 39 per cent.
- In Kensington and Chelsea, Elmbridge, and St Albans, average property values have more than doubled in the past two decades.
- Zoopla's research indicates that more than half (52 per cent) of people would consider moving back to where they grew up, but rising prices, especially in South East and Eastern England, make it financially challenging for many.
- Consumer expert Daniel Copley from Zoopla notes that while some areas have seen dramatic increases, house prices in northern regions have risen more slowly, potentially making a return to their roots more attainable for some.