Monopoly’s classic board has been updated with 2024 house prices and the increase is ridiculous.
It’s been 89 years since the original Monopoly board was created, and property prices, loosely based on what they were at the time, have skyrocketed.
Once upon a time, a property in London’s Mayfair would cost you £400. But now, houses on the posh street are selling for an average of £5.4million, as of the last 12 months.
Although Mayfair is the priciest location on the classic version of the board game, when it comes to real property prices, it’s a different story.
Experts at 1337Games analysed the average sale price of each area on the classic Monopoly board to see what the board’s order would look like today, reports MyLondon.
They found that Park Lane now takes the top spot as the most expensive area, with an average asking price for properties in the area of £7.7million – with Mayfair in second place.
The cheapest street in Monopoly is Old Kent Road which costs £60 to buy and £30 to buy a house. However, based on today’s prices, the average house on the road costs £600,997.
The huge shift in prices reflects a broader change in UK house prices over the years. House prices are currently at 8.8 times the average earnings, more than double since the 1970s, according to new research from House Buyer Bureau.
The average price of a home throughout the 1970s was £9,277. Today, that would be the equivalent of £68,493 after adjusting for inflation.
