Property appreciates over time, it outperforms other asset classes through good times and bad, consistently adding value.

In 1977 the Queen was celebrating her silver jubilee having spent 25 years on the throne and the national average house price back then was a whopping £10,926.

45 years on it's interesting to note the increases and milestones over that period:

The housing market today is almost unrecognisable from what it was 45 years ago, when the Queen celebrated 25 years on the throne. Now, in the Queen’s Platinum Jubilee year, it is interesting to take a look back at how the UK property market has changed over the decades.

The Mortgage Advice Bureau has used Land Registry data to look at the condition of UK house prices at key royal milestone years and has come up with some interesting numbers as you can see above.

Property values tend to double over 18 - 20 year cycles including all the ups and downs during the period but it's interesting to see the exponential growth during the reign of Queen Elizabeth.

Most notably the 25 year stint from silver to Golden Jubilee saw prices increase 10 fold, a period of great prosperity overall.

Since that Golden Jubilee of 2002 we've seen banking crashes, global economic crisis, multiple wars all over the world, commodities shortages, high inflation, covid giving us a war time economy and budget and yet still, 20 years later prices have more than doubled from that point.

Yes of course, inflation, fuel prices, paying the economic debts of the Covid budget and more will cause some economic difficulties in the short - medium term future but in 20 years time in 2042 it will be a small blip on a graph that continues an upward trajectory where house prices should be averaging around £553,510 if they again double over that period.

Not too bad when they were worth £10,926 on average in 1977.