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Latest UK HPI —
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Latest UK HPI — — BTC Monthly open — — 10yr CPIH —
Historical
‹ All property types
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United Kingdom · All property types
Historical
Projected
Normal range*
Fetching Land Registry data…
Projected
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Projection table
January Property price 1 BTC
₿ vs latest £ vs latest
Model Assumptions
Historical property price (BTC)
UK Land Registry HPI price divided by the BTC/GBP monthly open price from Yahoo Finance.
Projected property price (GBP)
Latest Land Registry HPI price grown at its average annual growth rate over the last ten years, for the selected region and property type. It assumes the past decade's trend continues.
Projected property price (BTC)
The projected GBP price divided by the projected Bitcoin price. If Bitcoin appreciates faster than the property, the BTC cost of the home falls even as the Land Registry HPI rises.
Projected Bitcoin price (GBP-native power law)
Projected Bitcoin price uses a power law model fitted directly to 16 years of daily BTC/GBP data (Jul 2010 – Jul 2026, R² = 0.965). Santostasi & Perrenod (2026) show the power law's slope is not a free parameter — it follows from Bitcoin's network adoption rate and Metcalfe's law. DOI 10.5281/zenodo.19387099
Normal range*
The corridor on the chart shows the typical range for the property's Bitcoin price. Bitcoin's distance from the trend swings in multiples rather than in pounds, and that spread has stayed consistent across sixteen years (Santostasi & Perrenod, 2026); one standard deviation of the GBP-native fit spans roughly ×2 above and ×0.5 below the trend, about 68% of the time.
Your property in Bitcoin
Choose your city, property type, and enter your valuation.
Comparison in Bitcoin, across epochs
Same month, four and eight years earlier · HM Land Registry UK HPI · Yahoo Finance BTC/GBP monthly open

About Bitcoin House Price Index

If your house is worth more, why doesn't it buy more?

For generations, property has been the cornerstone of personal and family wealth in the UK. Buy a home, watch it grow in value, build security for your family. The home is the foundation of the prosperity narrative.

But a price is not a fact about an object. It is a ratio between two things — and one of them is the pound.

Is the pound a fixed unit?

No. The Bank of England targets 2% inflation per year — a pound today is designed to be worth less tomorrow. Broad money supply has expanded significantly over recent decades. The pound is not a fixed unit, it's a managed one.

So when a house price rises, the house may have become more valuable, or the pound may have become less so. The number alone cannot tell you which.

Can you trust the ruler?

Nassim Nicholas Taleb describes this problem as Wittgenstein's Ruler: if you don't trust the ruler, you can't trust the measurement. When the measuring tool is suspect, the result can tell you more about the tool than about the thing you're measuring.

A house price quoted in pounds tells you as much about monetary policy as it does about property.

What makes Bitcoin a different ruler?

There will only ever be 21 million Bitcoin. That number is not a policy decision — it is written into the protocol and cannot be changed by any government, central bank or corporation.

The supply of pounds can expand. The supply of Bitcoin cannot.

What does property look like measured that way?

Different. Many who did everything right — bought property, held it, watched the number go up — have seen their real purchasing power stagnate or fall.

The wealth illusion is not a failure of individuals. It is a consequence of the unit of measurement.

Is this an argument for buying Bitcoin?

No. This dashboard doesn't argue that Bitcoin is a good investment, or that property is a bad one. It asks a simpler question: when you measure property in a finite unit rather than an expanding one, what has actually happened to UK property wealth?

The answer is the index.

Not financial advice

This is data and analysis, not a recommendation to buy, sell, or hold any asset. Past performance does not predict future results.

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