A comprehensive new study has revealed how much common items such as property, bills and petrol have increased in the past 25 to 50 years – highlighting how much people are feeling the pinch across the UK right now.
House prices have increased by more than 5,400% in the past 50 years
Ocean Finance’s research has uncovered that the average cost of a home in the UK has risen by 5,400% in the past 50 years. In 1972, the average price of a home was just £5,158, while in June 2022, it was a whopping £286,397, with prices in London almost double at £537,920 on average.
