We are now building fewer new properties than when the Queen first came to the throne in 1952!

While residential properties are smaller than in previous decades, property prices have increased and modern conveniences have changed beyond recognition.

The biggest change in the last 60 years has been in home ownership: this has more than doubled from 32% of all households in England in 1953 to 66% in 2010-11.

The Right to Buy scheme in the 1980s was a key driver of the rise, helping to lift owner occupation from 57% in 1981 to 68% in 1991.

However, owner occupation has been declining since its peak of 71% in 2003.

The Private Rented Sector (PRS) trend shows the reverse of the home ownership pattern. The proportion of rental accommodation in the PRS has fallen by two-thirds since the fifties, from 50% in 1953 to 17% in 2010-11.

However, the private rented sector has been rising again over the last decade, after being as low as 10% in 2001.

The proportion of social (council) housing has also risen and fallen over the same period. From 17% of all households in coronation year, peaked at 32% in 1981 and is now just 18%.

201,860 new residences were built in 1951, compared with an estimated 137,000 in 2011.

New house building reached record levels in the sixties with 425,830 new homes being built.

New residential properties have also been shrinking in size. Properties less than 538 sq ft in size accounted for just 9% of all new homes built before 1980, this proportion doubled after 1980.

The types of new properties being built has also changed. Semi detached houses accounted for 41% of new homes built between 1945 and 1964, but represent only 15% of homes built after 1980.

Flats used to account for 15% of newly constructed property between 1945 and 1964, but after 1980, accounted for 20% of all new housing stock.

There has been a dramatic improvement in the quality of residential property of all types since the end of WWII.

In 1947, 42% of households had no bath or shower and 64% had no basic water supply: by 1991, the proportion had fallen to 0.3% and 1% respectively.

Households in the UK with a second toilet have increased from 31% in 1996 to 41% in 2007.

Another noticeable trend has been the fall of the ‘traditional’ family unit household.

The proportion of households in England occupied by married couples has dropped from 70% in 1971 to 40% in 2011. Over the same period, the proportion of single person households in the UK has risen from 19% in 1971 to 33% in 2011.

Single person households are expected to replace married households as the most common form of household over the next decade.

Over the last 60 years the average UK residential property price has increased 7,278% from £2,200 in 1951 to £162,338 in 2011. This is three times the rise in retail price inflation over the same period (2,477%).

UK property prices have risen in real terms in nearly two out of every three years – 38 out of 60 – since 1951.

* Research compiled from a number of sources by Lloyds TSB

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