House prices in Bristol 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 Bristol was worth £98,967.
By the time she hit her Diamond Jubilee in 2012, the average price had risen to £173,261. In time for the Platinum Jubilee, the latest house price data from the Land Registry shows average prices in the area were £338,582 in March this year – that’s a 242% rise in 20 years.
In Bristol, a detached home is now £662,780 on average, compared to £189,120 in 2002, while semi-detached homes have risen from £114,104 to £425,610. The average price of a terraced home in March this year was £352,331, compared to £94,775 in 2002, while flats have seen a smaller rise, although they have still seen average prices go from £89,110 to £256,514.
House prices have soared across the country while the Queen has been on the throne. According to Nationwide, the average price of a home was £1,891 in 1952 when Elizabeth was crowned.
That would be the equivalent of £38,255 in today’s money, adjusted for inflation. The index, which is based on the building society’s mortgage lending, says the average price of homes in the UK was £260,771 at the start of this year.
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The Land Registry, which is based on all house sales registered, goes back to 1968 for national estimates. It puts average UK house prices at £5,158 in 1972, and at £20,897 in 1982.
By 1992, prices across the UK had hit £56,504. At the time of the Golden Jubilee in 2002, they were £104,705, before rising to £165,457 in 2012, hitting £278,436 in March this year.
Earlier this week Rightmove revealed that four of the ten places in Britain that have seen the biggest increase in house prices in the last ten years are in Bristol. Brislington was in second place behind Margate, St George fourth, Patchway seventh and Bedminster ninth.