We’ve been experiencing double digit annual growth for months which has driven prices up to £276,755 according to Land Registry.
But how does this compare to average prices in the 45 years since in the Queen celebrated her first jubilee in 1977? And how much did a typical UK home cost at each of the other milestones following the Queen’s coronation?
Mortgage Advice Bureau decided to sift through official figures from the Land Registry to find out the answers to these questions.
How much was a property worth in 1977?
In June 1977, when the nation celebrated the Queen’s Silver Jubilee, the average house price was £10,926. It means, since this time, the average home has grown in value by 2,432%.
The analysis showed, however, a significant leap in average prices also took place between the Silver Jubilee and Golden Jubilee (which marked half a century since the Queen’s coronation) when the national average house price jumped 937% from £10,926 to £113,304.
In the five years between the Queen’s Sapphire Jubilee and now, there has been an increase of 25%, said Mortgage Advice Bureau.
House prices at each jubilee (source: Mortgage Advice Bureau)
| Jubilee Year | National average house price | Numerical increase from 1977 | Percentage increase from 1977 |
| Silver Jubilee 1977 | £10,926 | n/a | n/a |
| Golden Jubilee 2002 | £113,304 | £102,378 | 937% |
| Diamond Jubilee 2012 | £170,049 | £159,123 | 1356% |
| Sapphire Jubilee 2017 | £221,833 | £210,907 | 1830% |
| Platinum Jubilee 2022 | £276,755 | £265,829 | 2432% |
Ben Thompson, deputy CEO at Mortgage Advice Bureau, said: “Mapping out the average house prices in each landmark year of her reign just shows the massive surge that has happened, and many will be questioning how much further house prices will rise.
“It’s important that buyers don’t get too disheartened by the fact house prices have continued with their extraordinary growth rate, and that there are ways to get onto the property ladder”.
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