UK House Prices

When measured in Pounds Sterling, UK Houses are over 20 times more expensive than they were in 1973 (the £ index has risen from 20 to 430). But measured in gold, house prices are about the same today as in 1973 (gold index 90 then, 84 at year end 2019). In fact, prices in pounds and gold tracked fairly closely until the peak in 2005, at about the 300 level. After that, they diverged as prices in £ rose almost 50%, while prices in gold fell by 72%.

Nationwide House Price Index from 1973 in GBP and gold:

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