UK Homeowners See Average £80,000 Rise in Property Values Over 20 Years
Research by Zoopla reveals significant property value gains for homeowners, despite recent market fluctuations.
- Zoopla's analysis shows that 60% of UK homeowners who purchased their homes in the last 20 years have seen property value gains of at least £65,000.
- The average property value increase across the UK over the past two decades is approximately £80,000, with house prices surging by 78%.
- Homes in London, particularly in areas like Richmond upon Thames, have experienced the highest increases, with gains reaching up to £225,100.
- Southern England, including the Cotswolds and commuter towns like St Albans, Wokingham, and Sevenoaks, also saw substantial appreciation in property values.
- Despite recent declines in some areas, these capital gains provide crucial financial support for many homeowners planning their next move.