The research also includes potential average property value projections assuming these historical growth rates.
Taking the average Labour growth rate of 9.45%, UK property will sit at approximately £690,000 by 2034. Using the Conservative rate of 6.45%, the average property price in 2034 would be around £520,000. The middle ground between these two rates is 7.95%, giving an average price of approximately £600,000 by 2034.
While previous performance cannot guarantee a picture of the future market, some investors do look at historical data to help inform their choices when deciding on a buy-to-let business plan.
Sam Hodgson, Editor at Clifton Private Finance, commented: “This research provides an interesting historical perspective on the relationship between political leadership and property market performance. While past data doesn’t guarantee future performance, these findings offer valuable insights for property investors and homeowners alike.”