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How can i work out annual gain in house price ?
If I bought a house in 2002 for 60,000 and its now worth 100,000 whats my annual percentage gain ?
I tried dividing the profit of 40,000 by 12 years, but I dont think that works as the annual percentage would be dependant on the house price each year ?????
1 Answer
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- ?Lv 77 years agoFavourite answer
Taking into account the cumulative effect your house has earned you around 5% per year.
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