In the first of what is sure to be a tsunami of Royal-related PR stories over the coming weeks, high-end agency Jackson-Stops & Staff has calculated house price inflation since the Queen was born 90 years ago - and it works out at 47,021 per cent.
The agency says average UK house prices rise from £619 in 1926 to £291,505 today, a rise of 47,021 per cent; this is based, it says, on data from the Office for National Statistics.
This 471-fold increase far outstrips gold (which Jackson-Stops says had risen a mere 20,425 per cent in the same period) and equities (up 11,685 per cent).
Perhaps more interesting is the agency’s comparison of house price inflation with the asking price for a pack of butter. It says this was the equivalent of 5.3p in 1926; if its value rose in line with residential property in the intervening nine decades, a pack would now cost £24.97.
JS&S also indulges in a little crystal-ball gazing and says that when Prince Charles reaches 90 (actually in only 23 years time) the average UK house price will be £1.3m if prices continue to rise in line with the increases of the past 23 years.
On the same basis when Prince William reaches 90 in in 2072 the average UK house price will be £11.3m.
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