Halifax has been looking back over the past 50 years to find that the average cost of a UK home has increased by 237% (in real terms) since 1959.The typical yearly rate of return of 2.7% exceeded the average rise in real earnings over the period, although house prices recorded their biggest increase in the [...]
One thing is certain - the cost of a house will be higher in 10 years time than it is today so if you are buying for the longterm you should be fine in my opinion.
House prices rise 237% (over half a century)
