Margaret Thatcher may have given the country Right To Buy and David Cameron has created Help To Buy but when it comes to sheer house price inflation, Edward Heath and Tony Blair take the honours.
A league table drawn up by Knight Frank, using Nationwide data, looks at how much house prices have risen during each Prime Minister's term in office over the past 70 years and also calculates the average annual percentage change.
On an annualised basis, UK prices performed most strongly under Edward Heath when growth averaged 32.8 per cent each year. The second highest annual average occurred under Tony Blair's leadership when UK house prices increased by 21.1 per cent.
This was closely followed by James Callaghan's period in office when, between the second quarter of 1976 and the second quarter of 1979, UK house prices rose on average by 20.8 per cent.
More recently, David Cameron has presided over house price growth of 11.76 per cent since 2010, a relatively meagre average of 2.48 per cent annually.
When you look at the entire tenure of the Prime Ministers, UK house prices rose the most under Tony Blair (211.3 per cent) followed by that of Margaret Thatcher (187.9 per cent).
Comments
Interesting enough but doesn't really pinpoint which governments have had the best housing tenures/policies.
My favourite quote is when Gordon Brown said that there will no longer a boom and bust. Claiming that Labour had fixed the economy once and for all.
Thank you for that :)