We could debate exactly when the onset of the 'Global Financial Crisis' actually was, but let's just all agree it started in 2007, making this year the 10th anniversary. So have we had a 'lost decade'? Exhibit A is a 10 year chart, but who can guess what the Y axis represents?
1) US Dollars
3) Swiss Francs
4) Japanese Yen
5) Pounds Sterling
According to Nationwide, UK house prices appear to have fallen when measured in every major currency except the pound. These charts do not take into account rental income (or imputed rental income for owner occupiers) but nor do they take into account any return on the foreign currencies. The US stock market is (for example) 55% higher than it's 2007 peak in USD terms and 150% up in sterling terms. Safe as houses? It's safe to say UK housing has been a lacklustre investment for the last decade.