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How have house prices changed since last White Christmas?
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Come on, admit it. We’ve all got at touch of the Bing Crosby’s when it comes to throwing back the curtains on Christmas morning.
However, despite dreams of a blanket of snow, the chances of the white stuff coming on Christmas Day are realistically very slim.
This said, for those who fancy a flutter on a flutter, bets are being taken for just a single snowflake to fall in the 24 hours of December 25th at a specified location.
Previously, the location was the Met Office building in central London. Now, due to a surge in betting activity on the weather for the big day, the number of locations has increased. One bookmaker is taking bets on snow falling on Buckingham Palace, the Millennium Stadium and even Coronation Street!
According to official weather folk, the last 5 official White Christmases took place in:
- 2000
- 2001
- 2004
- 2009
- 2010
How have house prices changed since last White Christmas?
At the time of the last White Christmas back in 2010, the average price of a property was £162,971, according to the Nationwide. In the present day, this value has risen to £196,807, meaning the average house value has risen by £33,836 in the past five years.
The building society has also looked at how property prices have risen over the period:
- 2000-£81,628
- 2001-£92,533
- 2004-£152,464
- 2009-£162,116
- 2010-£186,466
Despite not being as predictable as a tragedy in Eastenders, White Christmases seemingly do happen. So go on, put your money where your mouth is. If we all invest a pound, it might just come true.
