Mental isn't it. I bought my first flat, a 2 bed, in Queens Park Road in about 1992 for £36K. When I sold it in 2001 to move in with my other half, I got £120K for it, and when we moved last year I happened to notice it was on the market again at £220K !!
Very nearly £200K increase in 11 years
Unless you have multiple properties this is of no real benefit to anyone. Why do we allow it to happen?