House price growth slows to 9.8% – UK HPI

"Buyer demand remains high but there are now signs that market is softening," says Zoopla's research chief, as more vendors cut asking prices and deals take longer to materialise.

The Queen was crowned on 6th February 1952, when an average home cost just under £2,000. This is the equivalent of £56,000 in today’s money, and amounts to house price growth averaging 2.

Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.