Money & Business
Rent or buy? The challenge of access to housing
...solid and desirable investment. But is this belief well-founded? Figure 4 shows the change in real house prices in the UK over a long period (1979−2017). The prices are shown in real terms, in today’s (2017) money. For example, in 1979, the actual (nominal) average UK house price was only £22,000 but prices of goods and services then were much lower, so that was a...