Royal Patronage still matters to the property market

HM Queen Elizabeth II is already the country's longest reigning monarch. Today she achieves another milestone when she becomes the first ever UK sovereign to celebrate their 90th birthday. 

Using our own indices based on Land Registry data (six-month smoothing applied), we have looked at the average sale price over the past year and the change in prices over the past one, five and 10 years in boroughs and towns that bear the Royal prefix and locations with Royal residences. 

Most show an increase above the national average over all three periods, with only a few showing price growth below the national average over the periods we have looked at. Unsurprisingly, the London locations have shown the highest levels of growth over the past decade, with house price growth of up to 160 per cent, as seen in the Royal borough of Kensington and Chelsea. 

Beyond London, Windsor and Maidenhead, home to Windsor Castle, is among the top performers over the past year, with house price growth averaging 11 per cent last year and 57 per cent over 10 years, well ahead of the GB average of just six per cent and 28 per cent in the same periods.

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