Average House Price Uk 1980

Historical UK house price data from 1952 to current year, using Nationwide's house price index from their mortgage lending data. Its crazy to think that back in 1980, the average house sold for just 19,273, compared to 239,927 in 2020 a staggering 1,145% increase. The biggest five-year increase occurred between 1985 to 1990, where average house prices increased by 109%, reaching 58,250.

The average UK house price in 1980 was 23,287.58. The equivalent of 131,258.19 in todays money. The 80s saw a 164% rise in house prices due to a combination of financial deregulation, economic growth, government policies and low interest rates.

By 1989 the average house price had risen to 61,513.78. How much did a house cost in 1970? Average house prices, 1957 to 2017, UK 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 0 50,000 100,000 150,000 200,000 250,000 219,796 Hold and drag This article gives a brief history of what has happened and why. Our first interactive chart allows you to track what has happened to both nominal and real house prices over the past 70 years.

Simply hover over any point on the chart to see where prices were at any given date. In the 1980s, the typical price of a house in the United Kingdom was around 19,273. This amount reflects an average that encompasses various types of properties, providing a broad perspective on the housing market during that period.

Actual house prices in the UK from 1952 to 2025 in a graph. Average House Prices in the United Kingdom averaged 139229.06 GBP from 1983 until 2026, reaching an all time high of 300077.00 GBP in January of 2026 and a record low of 26187.81 GBP in January of 1983. source: Halifax and Bank of Scotland.

Since 1980, average house prices have surged by an impressive 1,145%, with notable increases and occasional dips reflecting economic cycles. This historical context provides a foundation for predicting future trends in the housing market. Prices did go up a lot between 1980 and 1989.

A house in 1989 cost almost three times the price of one in 1980. We learnt a new word in the 1980s - gazumping. Gazumping means to offer a higher price than the buyer just before a sale completes.