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craigowl

BMWs - 1971 advert and property prices.

By craigowl, in General Car Chat

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craigowl    0

craigowl
Posted

This ad is from inside cover of 1971 "Motor" Road Tests.

 

A brand new 2- bedroomed semi-detached villa in Ayr cost us £4750 in 1970.

 

BMW 633 about 8% dearer at £5118 (including purchase tax?)!

 

However, same house in 1973 went for £9250 IIRC. This was a period of fastest rising house prices we have known IIRC.

 

For decades I have heard warnings of house prices falling - ain't seen anything significant in 35 years that I can recall.

 

Are "they" trying to give us a bum steer?

 

It would be interesting to read comments from finance/accountant/property experts on forum about any of the above.

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