How a lot home costs have risen over 20 years revealed – as one space jumps 124%

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Your help makes all of the distinction. Learn extra Home costs within the UK have jumped by 74 per cent within the final 20 years, including over £150,000 to the typical property worth, in line with Zoopla.

The property web site discovered that the standard home worth has risen from £113,900 to £268,200 up to now twenty years. Nevertheless, sharp rises in some places may imply that some individuals are priced out of the areas they grew up in.

London has seen the most important enhance, with common home costs greater than doubling (119 per cent) within the final 20 years. The South East and jap England have additionally seen giant jumps, with common property values rising by 87 per cent in each areas.

In distinction, home costs within the north-east of England have risen by 39 per cent throughout the identical interval. In Blackpool, Lancashire, common home costs have elevated by 26 per cent, whereas in Sunderland, Tyne and Put on, they've risen by 22 per cent.

<img src="https://static.independent.co.uk/2025/04/30/21/41/housing-stock-london-terraced.jpeg" srcset="https://static.independent.co.uk/2025/04/30/21/41/housing-stock-london-terraced.jpeg?quality=75&width=320&crop=3%3A2%2Csmart&trim=0%2C0%2C0%2C0&auto=webp 320w, https://static.independent.co.uk/2025/04/30/21/41/housing-stock-london-terraced.jpeg?quality=75&width=640&crop=3%3A2%2Csmart&trim=0%2C0%2C0%2C0&auto=webp 640w" loading="lazy" alt="The average house in the UK is over £150,000 more expensive than it was 20 years ago, new figures reveal" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

The typical home within the UK is over £150,000 costlier than it was 20 years in the past, new figures reveal (Getty/iStock) In the meantime, in Kensington and Chelsea (124 per cent) in London, Elmbridge (110 per cent) in Surrey, and St Albans (108 per cent) in Hertfordshire, common property values have greater than doubled over the previous twenty years.

Tom Invoice, head of UK residential analysis at Knight Frank, stated: “When you grew up in north-east England, purchased in London and are actually returning to your roots, you’re in luck.

“You'll get considerably extra bang in your buck and the fairness accrued means your mortgage might be worn out altogether.

“The hole between the capital and the remainder of the nation has narrowed in recent times as extra inexpensive elements of the UK have seen stronger home worth development. The squeeze in London means extra consumers are trying past the M25, and that usually contains places the place they've roots, a development that was accelerated by the pandemic and shifting work patterns.”

Daniel Copley, a shopper knowledgeable at Zoopla, which has affordability instruments on its web site, stated: “Our newest evaluation actually brings to mild the profound impression that twenty years of home worth development has had on the dream of ‘returning house’.

“UK home costs have soared by 74 per cent since 2005, making that nostalgic return financially unattainable for a lot of, particularly in hotspots within the South East and jap England.

“Nevertheless, the image is much from uniform throughout the UK. Our information reveals that whereas some areas have seen dramatic will increase, home costs have risen slowly, consistent with incomes in northern areas. Because of this for some, the dream of returning to their roots is likely to be way more attainable than they assume.”

Zoopla used its home worth index, evaluating the distinction between common home costs in April 2025 and April 2024, as a part of its analysis.

<img src="https://static.independent.co.uk/2025/06/10/19/a7048a2f8a76f9f7dc1cd5cff439f68fY29udGVudHNlYXJjaGFwaSwxNzQ5NjY1MjUw-2.49419903.jpg" srcset="https://static.independent.co.uk/2025/06/10/19/a7048a2f8a76f9f7dc1cd5cff439f68fY29udGVudHNlYXJjaGFwaSwxNzQ5NjY1MjUw-2.49419903.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/06/10/19/a7048a2f8a76f9f7dc1cd5cff439f68fY29udGVudHNlYXJjaGFwaSwxNzQ5NjY1MjUw-2.49419903.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="London has seen the biggest increase, with average house prices more than doubling (119 per cent) in the last 20 years" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

London has seen the most important enhance, with common home costs greater than doubling (119 per cent) within the final 20 years (PA) It additionally commissioned an Opinium survey amongst 2,000 folks throughout the UK in June, which indicated that greater than half (52 per cent) would think about shifting again to the situation the place they grew up.

Toby Leek, president of NAEA (Nationwide Affiliation of Property Brokers) Propertymark, stated: “Rural and picturesque areas throughout the county are well-liked locations that many individuals select to maneuver to, particularly these which might be searching for a quiet escape, resembling sure coastal places. Nevertheless, this generally comes with a much bigger price ticket.

“As locations enhance in reputation, this raises home costs to ranges that imply many present or ex-locals who could want to transfer again to their house cities the place they grew up may discover it onerous to afford to buy a house. It additionally has the potential to be extraordinarily difficult for folks emigrate across the locality as effectively, on account of larger costs.”

Listed below are the will increase in common home costs over the previous 20 years, in line with Zoopla. Figures present the typical home worth in 2025 adopted by the typical home worth in 2005 and the proportion enhance over the previous 20 years:

London, £534,400, £244,200, 119percentSouth East, £385,400, £206,100, 87percentEastern England, £337,500, £180,600, 87percentSouth West, £312,000, £179,300, 74percentEast Midlands, £231,000, £136,100, 70percentWest Midlands, £233,700, £139,800, 67percentWales, £206,500, £125,600, 64percentScotland, £168,000, £103,100, 63percentNorthern Eire, £184,200, £113,400, 62percentNorth West, £200,800, £126,300, 59percentYorkshire and the Humber, £190,400, £121,200, 57percentNorth East, £146,400, £115,800, 26% Listed below are the native authority areas with the most important home worth will increase over the previous 20 years in every area or nation, in line with Zoopla. Figures present common home costs in 2025 adopted by common home costs in 2005 and the proportion enhance (figures for Northern Eire weren't included):

London, Kensington and Chelsea, £1,130,400, £504,000, 124percentSouth East, Elmbridge, £712,700, £338,800, 110percentEastern England, St Albans, £622,100, £298,600, 108percentSouth West, Cotswold, £458,800, £255,700, 79percentNorth West, Trafford, £349,300, £196,100, 78percentEast Midlands, South Northamptonshire, £381,600, £214,300, 78percentScotland, Edinburgh, £276,800, £160,100, 73percentWales, Monmouthshire, £335,800, £197,500, 70percentWest Midlands, Stratford-on-Avon, £382,000, £225,800, 69percentYorkshire and the Humber, Harrogate, £349,300, £216,000, 62percentNorth East, Northumberland, £189,800, £136,900, 39% Listed below are the native authority areas with the bottom home worth will increase over the previous 20 years in every area or nation, in line with Zoopla. Figures present common home costs in 2025 adopted by common home costs in 2005 and the proportion enhance (figures for Northern Eire weren't included):

London, Barking and Dagenham, £338,000, £165,000, 105percentEastern England, Nice Yarmouth, £187,700, £105,900, 77percentWales, Blaenau Gwent, £133,700, £80,100, 67percentSouth East, Southampton, £225,500, £138,500, 63percentWest Midlands, Stoke-on-Trent, £136,400, £86,800, 57percentSouth West, Plymouth, £207,200, £133,000, 56percentEast Midlands, Lincoln, £175,200, £113,000, 55percentYorkshire and the Humber, Hull, £115,100, £77,000, 49percentScotland, East Ayrshire, £109,500, £79,500, 38percentNorth West, Blackpool, £124,300, £98,400, 26percentNorth East, Sunderland, £124,000, £101,600, 22% [ad_2] Source link