House price rises added £68,500 to average homeowner's wealth over the last decade – Telegraph Blogs

House price rises added £68,500 to average homeowner's wealth over the last decade – Telegraph Blogs

House prices increased by twice as much as inflation over the last decade, boosting the average homeowner’s wealth by £68,500 each – or a gross total of £1.8 trillion – according to Halifax.

That’s good news for millions of members of the squeezed middle amid the economic bleak midwinter but it’s unlikely to be welcomed by those hoping for a house price crash. Whether you relish the remarkable resilience of house prices or resent it is increasingly a generational issue. Those born more than 40 years ago are most likely to be beneficiaries, while younger people are increasingly excluded from home ownership.