House prices in Liverpool have more than tripled since the Queen’s Golden Jubilee 20 years ago.
Back in March 2002, as the Queen was celebrating 50 years on the throne, the average home in Liverpool was worth £50,917. By the time she hit her Diamond Jubilee in 2012, the average price had risen to £106,792.
In time for the Platinum Jubilee, the latest house price data from the Land Registry shows average prices in the area were £175,728 in March this year. That’s a 245% rise in 20 years.
In Liverpool, a detached home is now £352,379 on average, compared to £103,746 in 2002, while semi-detached homes have risen from £60,662 to £216,868. The average price of a terraced home in March this year was £152,219, compared to £41,083 in 2002, while flats have seen a smaller rise, although they have still seen average prices go from £48,223 to £135,111.
Across Merseyside, house prices have also risen rapidly in the past two decades. In the area as a whole, the average house price was £59,289 back in March 2002. Since then average prices have risen to £118,528 in 2012, and then to £185,095 in March this year, a 212% rise on 20 years before. In Wirral, prices have risen by 203% in two decades, from £65,765 in 2002 to £199,446 in 2022.
Queen Elizabeth II is celebrating 70 years on the throne at the beginning of June. Her Majesty is Britain’s longest-reigning monarch and will become the first British monarch to celebrate a Platinum Jubilee. To mark the historic event, the UK has a huge array of public events planned to celebrate including parades, street parties and an extra Bank Holiday.
While the Queen was crowned on June 2, 1953 in Westminster Abbey, her accession actually took place the year earlier, in February 1952. Royal.co.uk said: “On February 6 this year Her Majesty The Queen became the first British Monarch to celebrate a Platinum Jubilee, marking 70 years of service to the people of the United Kingdom, the Realms and the Commonwealth.
“To celebrate this unprecedented anniversary, events and initiatives will take place throughout the year, culminating in a four day UK bank holiday weekend from Thursday 2 to Sunday, June 5.”