House prices up 1751% since last European referendum

House prices up 1751% since last European referendum

The UK housing market has seen a 1751% increase in the average price of a home since the last time Britain voted on whether to stay in or out of Europe.

Research conducted by property crowdfunding platform Property Partner found that since 1975, the UK housing market has seen an 18-fold increase in average prices, with residential property prices in London rising the most, soaring by 3200%.

However, Property Partner’s research also found that in the run-up to the 1975 referendum, house price growth slowed to 7%.
Dan Gandesha, CEO of Property Partner, said: “There is never any guarantee that prices will continue to rise, but even taking into account factors which may put a brake on growth, such as the recent 3% stamp duty hike on second homes and buy-to-lets, if the past is any indication, property will remain a strong long-term investment.
“London in particular has been consistently the star performer, although the capital has been transformed in the past four decades attracting huge inward investment. 
“Whatever the result on 23rd June, London will remain a truly global city.”

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