UK Markets closed
4 / 9

1970s house prices

In the 1970s you would need far less gold to buy the average home, after the price collapsed. Just 54 ounces would have bought you the average house. But you’d have to work almost twice as long at the average wage to earn enough money to buy a home as you would have 10 years earlier.

How much UK house prices have really risen

Everyone knows UK houses cost more now than in the past, but it isn’t always easy to work out what that really means when earnings and inflation are taken into account. So here’s what an average home would have cost you over the last 60 years in pounds, hours worked to make that money and compared to something else that’s concrete – the amount of gold needed to buy one.