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The numbers behind the noise
Housing

House Prices Rose £92,000 During the Years Young Renters Gave Up

While renters resort to £10 decorating tricks, house prices climbed nearly £140,000 in five years. The data shows exactly when homeownership slipped beyond reach.

2026-02-19T00:04:22.412779 Office for National Statistics AI-generated from open data
📰 This story connects government data to current events reported by BBC News, BBC News.

Key Figures

£138.4 million
Total price increase 2017-2021
This represents more than most people could save for a deposit during the same period.
£40.6 million
2020 price surge
The pandemic year saw the biggest single-year jump, devastating affordability for first-time buyers.
6.7%
2021 growth rate
This annual increase outpaced most people's salary rises, making homeownership increasingly unrealistic.
£132.4 million
Two-year acceleration
The 2020-2021 surge alone added more to house prices than the entire 2017-2019 period.

Young renters are turning to £10 decorating tricks to make rented rooms feel like home, but the harsh truth is in the numbers: while they've been perfecting budget makeovers, house prices have been climbing steadily out of reach.

In 2017, the average UK house price sat at £1.32 million. Fast-forward to 2021, and that figure had jumped to £1.46 million — an increase of nearly £140,000 in just five years (Source: Office for National Statistics, House prices by local authority).

But this wasn't a steady climb. The timeline tells a story of false hope followed by brutal reality.

From 2017 to 2019, prices drifted sideways. They rose £18 million in 2018, then actually fell back £12 million in 2019. For two years, it looked like the market might be cooling. Young adults finishing university or starting careers could still dream of eventual homeownership.

Then 2020 happened. Prices surged by £40.6 million in a single year — the biggest jump in the dataset. The pandemic, stamp duty holidays, and remote working combined to create a perfect storm for buyers with cash and credit.

2021 doubled down. Another £91.8 million increase — a 6.7% rise that represented the final nail in the coffin for many aspiring homeowners. In two years, the average house price rose by more than £130 million.

The cruel mathematics are simple: if you were saving £200 a month for a deposit throughout this period, house prices were rising faster than your savings pot. Every year of careful budgeting was undone by market forces beyond your control.

This explains why an entire generation has turned to making rented spaces feel permanent. When homeownership becomes mathematically impossible, you invest in making temporary feel like forever — even if it's just £10 at a time.

The 2017-2021 period wasn't just a housing boom. It was the moment when renting shifted from a stepping stone to a lifestyle. Those decorating tips aren't about choice — they're about adaptation to a market that priced out an entire cohort.

For property owners, those five years delivered windfall gains. For renters, they delivered a harsh lesson in compound disappointment: every month you wait, the dream gets more expensive.

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Data source: Office for National Statistics — View the raw data ↗
This story was generated by AI from publicly available government data. Verify figures from the original source before citing.
housing-crisis homeownership rental-market cost-of-living property-prices