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From the archive, 30 December 1947: A year of soaring house prices

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30 December 1947: Anything up to £1,500 is being asked and obtained for houses which went for £500 or £600 in 1939

The year 1947 has seen a boom in house property prices which throws the post-war boom of 1920-1 almost into the shade. Although since 1946 all classes of house property have advanced in price the demand for houses with vacant possession has been extraordinarily keen, and is to-day probably keener than ever.

Related: A brief history of British housing

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