The history of house prices and bubble deflations

Chris Watling | Longview Economics | 04 May 2012

Analysis of between 100 to 800 years of house price data in a variety of Western economies demonstrates that on average house prices rise in real terms 0.5% to 1.0% per annum, depending on the country and time series analysed (see “Safe as Houses?”, N Monnery, 2011).  The same analysis also shows that the 15 years leading up to 2008 were, in historical terms, exceptional for house prices:

"For a total of 37% of the time (across a variety of countries and 110 ...