Property News · February 11, 2014

Trebling house prices mean average wage 'would need to double' to keep up


Shelter data shows average earnings would have to be £55,296 just to keep pace with house price rise since 1997An average earner in England would be taking home an extra £29,000 a year if salaries had kept pace with property prices since 1997, according to the housing charity Shelter.Spiralling house prices and a slowdown in the number of home being built in recent years mean that in many areas of the country wages have failed to keep pace with the housing market, pushing property out of reach of a growing number of people. Continue reading…

Source : theguardian.com
Read more…Trebling house prices mean average wage ‘would need to double’ to keep up

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