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As one of many largest landowners on the earth the Royal Household are not any strangers to the significance of property. The Queen has seen property crashes, recessions, altering politics, wars and altering beliefs. Property costs have risen over 130 occasions because the Queen got here to energy – now that’s some nice capital appreciation! In celebration of the Queen’s Platinum Jubilee we wish to deep dive into the historical past of property over the Queen’s 70 yr reign.
Property within the UK during the last 70 years
1950’s
The common value of a brand new home was £1,891 (round £65,224 in immediately’s cash). The typical wage was £10 per week (roughly £339), so shopping for a property was no imply feat, even then.
1960’s – The Swinging sixties
Home costs continued to rise together with the common revenue, which now stood at £960 (round £21,925) per yr. The common value of a house was now £2,530 (roughly £55,784).
1970’s
The mortgage market took off and home costs flew. In the beginning of the 70s the common home worth was £4,057. By the top of the last decade, the common home worth had quadrupled to £19,925.
1980’s
Margaret Thatcher gave folks the precise to purchase their council homes. This shot up home costs like by no means earlier than, reaching a median worth of £20,268.
1990’s
Spiralling rates of interest led to the housing crash at the beginning of this decade. Regardless that property costs dropped by 20%, the common value of a house was nonetheless £58,153. This was twice as a lot as simply 5 years earlier.
2000’s – The New Millennium
New millennium, new enhance in home costs. By 2005, home costs leapt almost £70,000. This meant the common property value a staggering £156,236.
2010’s
By 2015 you’d want round £197,890 to purchase a home. Whereas the common wage had solely crept as much as £27,600.
2020’s – The Platinum Jubilee
Within the decade of the Queen’s Platinum Jubilee, in line with Rightmove, in 2022 the common UK home worth has topped £350,000!
During the last 70 years this proves that no matter recessions and financial crashes, property at all times comes out on prime. Particularly as a long run, good funding.
The world’s main feudal landowner is Queen Elizabeth II. She is Queen of 32 nations, head of a Commonwealth of 54 nations through which 1 / 4 of the world’s inhabitants lives, and authorized proprietor of about 6.6 billion acres of land, one-sixth of the earth’s land floor.
Many of the land falls beneath the Crown Property, which primarily operates as an actual property enterprise. Love them or hate them, we will all agree on one thing, The Royal Household have a implausible property portfolio.
The Queen has a complete of seven official royal residencies that she splits her time between, a few of them spending months at a time.
Our TOP 7 Royal properties from the Platinum Jubilee
Buckingham Palace – see the Horse Guards Parade throughout the Platinum Jubilee
The pièce de résistance is clearly Buckingham Palace which has remained the official London residence of the UK’s monarchs since 1837.
The palace has a complete of 775 rooms, together with 188 employees bedrooms, 92 workplaces, 78 loos, 52 royal and visitor bedrooms, and 19 state rooms – to call a number of!
Windsor Citadel – host of Platinum Jubilee music occasions
For over 900 years, Windsor Citadel has been each a non-public residence and an official royal residence for the British Royal Household.
The Queen spends weekends at Windsor Citadel away from the enterprise of London and in addition stays on the fort for a month over Easter throughout a interval often known as Easter Court docket.
Balmoral Citadel
Primarily based in Aberdeenshire, Scotland, Balmoral Citadel is the Queen’s summer time residence and sits on 50,000-acres with 150 buildings. It’s recognized to be certainly one of The Royal Household’s favorite vacation locations.
St. James’ Palace – watch the Platinum Jubilee reside
Earlier than the reign of Queen Victoria, this was the London residence of the monarch. It is a vital property of the Royal Household as it’s the place the Garter King of Arms formally proclaims the accession of the brand new king or queen.
Clarence Home
This London property is the present residence of Prince Charles and Camilla Parker Bowles.
It has been a house to many royals together with Queen Elizabeth II and Prince Philip till 1947, the Queen Mom from 1953-2002 and Prince William and Prince Harry till they moved to Kensington Palace in 2011 and 2012.
Kensington Palace
The former residence of Princess Diana, in addition to Prince Harry and Meghan Markle, has 547 rooms.
It was the birthplace and childhood residence of Queen Victoria and since 2017, Condominium 1A has been the primary residence for Prince William, Kate Middleton and their kids.
Sandringham Home
The royal household normally celebrates Christmas at Sandringham Home which is a 19,000-acre property close to Norfolk, England.
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