UK has one of the most expensive housing and property systems in the world. Historically, the prices of land in the United Kingdom have seen many ups and downs but recently they have increased particularly. The reason behind this could be the fact that the English enjoy residential areas that have been built in the vicinity of historical castles and mansions. These locations are usually very appropriate and they are architecturally well- designed.
Let us look at the history of land and property in the streets of United Kingdom.
500 B.C. – Celtic Round Houses These were round quarters with thatched roofs of straw and sludge walls.
43 A.D. – Roman Houses and Villas These residences were built in roman fashion with huge and spacious villas made with boulders and wood.
450 A.D. – Anglo-Saxon Houses These were wooden cabins with roofs made up of straw; the churches were all constructed with stone.
793 A.D. – Viking Houses These were elongated rectangular homes made with stone, erected lumber, blocks of sod or wattle.
1066 A.D. – Norman Houses and Castles Later on constructed with stone, these were wooden castles that emerged in the beginning of 1000 A.D.
1485 A.D – Tudors Houses These were run of the mill accommodations with timber frames. The cracks and spaces were filled with daub.
1714 A.D. – Georgian Houses These types of houses were constructed with fire-retardant material like slates or bricks. They were cubic, proportioned in shape and very well-designed.
1837 A.D. – Victorian Era Homes All the land properties were now constructed with red or grey bricks and working class people resided in homes that were connected together in groups of 3-4 – known as terraced homes. The richer people have a preference for homes like villas and the middle class citizens pick and choose bigger terraces with gardens in the front and back as well.
1988+ – Present Day Modern Houses
Nowadays, there are a great many number of different manners of homes accessible for purchase.
Flat: A single home on a floor in a building of many connected residences. Detached House: Detached houses are built in a way that there are no other houses connected to them on either left or right.
Semi-Detached Home: The house that is connected to another on any one side is called semi-detached. Bungalow: A single-story residential building.
Terraced Houses: Terraced homes are usually a part of 3-4 homes that are connected together. Maisonette: This kind of buildings have a private entrance, can have as many rooms as the owner wants and as many floors as they desire.
This information gives you a broad plan of how the residential buildings were built in the UK during the early years and how they are designed currently. The average of the annual property rates of all UK residences since 1983 has ascended massively – approximately 428%. This denotes that all first-time home-buyers will be facing an increase in property rates up to 483%, which makes it all the more challenging. These rates are 55% higher than the nationwide average; this typically makes it huge number to deal with.
Historical House Prices by Property Age
Terraced homes have witnessed the maximum annual raise of more or less 155% since the year 2000, while on the contrary separated houses faced the smallest enhancement – 115%. Currently, the charge of lands in the UK is reliant upon the housing region under inquiry. Here are some of the most expensive streets of UK.
Kensington Palace Gardens, London W8: The price range establishes from roughly £42,730,760 and can go up to a boost of 12.11%.
The Boltons, London SW10: Home prices start on from £26,570,341 and can be raised up to 13.64% of the entire price.
Grosvenor Crescent, London SW1X: capable of witnessing an augment of about 12.43%, the property rates in Grosvenor Crescent start from £22,293, 470.
If you are looking to accumulate property in the UK and need to find out more, go through our extensively detailed info graphic and find out all about the pricing trends that apply on all the properties of the United Kingdom.
