2010s weakest decade for house price growth

The 2010s were the weakest decade for house price growth since the 1990s, new research has revealed. House prices rose by 33% during the 2010s, while the 1990s saw the average property grow in value by 21%, according to data from Nationwide. In the 1980s, house prices rose by a whopping 180% while in the 2000s they climbed 117%. London was named as the top performer of the last ten years with house prices rising twice as fast as the UK average, while in the 1980s, East Anglia topped the regional board with growth of a massive 227%. The last decade has also seen a widening in the gap between the least affordable and most affordable regions. London, the least affordable region, saw its house price earnings ratio reach 8.8 at the end of 2019. The area with the lowest ratio in 2019 was Scotland with a total of 3.2. Northern Ireland has seen the lowest house price growth of all regions with prices up just 2% compared to the end of 2009.

Daily Mail (09/01/20)