Free course

MSE’s Academy of Money

Free statement of participation on completion
The image is a line graph of the real value of average house prices from 1981 to 2019. The graph shows average real house prices rising from 1981 until 1989, declining until 1994, steady until 1999 and then rising very sharply until 2009, reaching circa £260,000. After 2009 average real house prices decline and then hover in the range of £200,000 to £240,000 up to 2019. The graph also displays the straight trend line for the entire 1981-2019 period depicting a marked upward gradient.
Figure 9 Average house prices in the UK (in real terms) 1981–2019. Source: Nationwide Building Society (2019).

 8 Summary of Session 4