Lender re­veals prop­erty trends

Yorkshire Post - Property - - FRONT PAGE -

AHEAD of the Queen’s di­a­mond Ju­bilee, Hal­i­fax has tracked key hous­ing mar­ket de­vel­op­ments over the past 60 years.

It says London has recorded the big­gest rise in house prices since 1971, with an in­crease of 189 per cent. The South West recorded the sec­ond high­est at 163 per cent, fol­lowed by York­shire at 159 per cent. Scot­land recorded the small­est rise of 91 per cent.

Hal­i­fax charts a sub­stan­tial growth in home own­er­ship and a shift to­wards sin­gle oc­cu­pancy house­holds over the past six decades.

How­ever, it says that more than 15 mil­lion homes have been built in the UK in that pe­riod.

The pro­por­tion of homes in the pri­vate rented sec­tor has fallen by two-thirds since the 1950s.

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