The last decade saw house prices rise at their fastest rate since records from the Halifax began.
The bank's report on trends in the past 50 years of the housing market found that house prices rose up to 62 per cent in the 2000s, one per cent more than in the 1980s.
Other significant findings included the shrinking of the private rental market, which was once larger than both owner-occupier and social rental sectors. It decreased in size from 33 per cent of the housing market in 1961 to nine per cent by 1991.
The popularity of buy-to-let in the last decade saw the private rental sector increase by five per cent between 1991 and 2008.
Right-to-buy was cited as the single biggest factor in the rise of owner-occupied homes which occurred in the 1980s, with people buying 1.3 million homes between 1981 and 1991.
There were consistencies with London house prices continuing to outstrip every other region and Yorkshire and Humberside remaining the cheapest for buyers.
We are less likely to live in semi-detached houses now and only 42 per cent of homes are occupied now by married couples, claimed the report.
See Also: Property News (6699)
Date Published: 20 January 2010
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