If you were to decide which country you would like to reside in, it won’t be mistaken of us to assume that most people would desire owning property somewhere in the UK. Historically, the prices of land and property in UK have been comparatively very high, but there have been times and occasions when the prices have gone spiraling down as well. Over the past two years the property rates in the UK have increased massively again.
Let us review the history of property in the United Kingdom, shall we?
- 1 500 B.C. – Celtic Round Houses
- 2 43 A.D. – Roman Houses and Villas
- 3 450 A.D. – Anglo-Saxon Houses
- 4 793 A.D. – Viking Houses
- 5 1066 A.D. – Norman Houses and Castles
- 6 1485 A.D – Tudors Houses
- 7 1714 A.D. – Georgian Houses
- 8 1837 A.D. – Victorian Era Homes
- 9 1988+ – Present Day Modern Houses
- 10 Historical House Prices by Property Age
500 B.C. – Celtic Round Houses
These were round houses with thatched roofs of straw and mud walls.
43 A.D. – Roman Houses and Villas
These houses were roman style with large and roomy villas made with stone and timber.
450 A.D. – Anglo-Saxon Houses
These were huts made of wood with roofs made up of straw, although churches were made of stone.
793 A.D. – Viking Houses
These were long rectangular houses made with stone, upright timber, blocks of turf or wattle.
1066 A.D. – Norman Houses and Castles
This is when the first wooden castles were emerged; later on they were built with stone.
1485 A.D – Tudors Houses
These were ordinary houses with wooden frames, the spaces between were filled with sticks or daub.
1714 A.D. – Georgian Houses
These were made with fire-resistant material like bricks or slates. They were square symmetrical in shape and very elegant.
1837 A.D. – Victorian Era Homes
All the properties were now built with bricks and working class people possessed terraced homes. The rich preferred villas and the middle classes opted for superior terraces with gardens and backyards.
1988+ – Present Day Modern Houses
Now, there are a number of different styles of property available for purchase.
Terraced Houses: Usually one in a row of three or four homes connected together.
Bungalow: This is a single-storey house.
Detached House: Such homes do not have any other houses connected to them on either side.
Semi-Detached Home: The home is connected to another house only on one side.
Flat: One of a number of homes on any floor of an apartment building.
Maisonette: This home can have a lot of bedrooms and as many levels as the owner likes. It usually has a private entrance.
This will give you a general idea of how the houses were styled in the UK previously and how they are designed now. The average annual prices of all UK properties since 1983 have risen by leaps and bounds – almost 428%. This means that there has been a major increase in all property rates which makes it a challenge for first-time buyers since they are all facing an increase of around 483% in total. These rates are 55% more than national average as well, which makes them an astounding number.
Historical House Prices by Property Age
Terraced homes have faced the highest yearly increase of almost 155% since the year 2000, on the other hand detached houses faced the least increase – 115%, which is not as low as one would like. Currently, the rates of property in the UK are dependent upon the residential area in question. Let’s take a look at the priciest streets of UK.
Kensington Palace Gardens, London W8: The rates start from around £42,730,760 and can go up to an increase of 12.11% depending on the particular property.
The Boltons, London SW10: Property prices begin from £26,570,341 and can increase up to 13.64%.
Grosvenor Crescent, London SW1X: Facing an increase of about 12.43, the house rates in this area start from £22,293, 470.
There are a great many streets in London and it won’t be hard to find a home if you have a fat wallet. Go through our info graphic to study the pricing trends of property in the UK since the beginning.