House price-salary gap widening

Press Association
For sale sign
For sale sign

The cost of buying a home in England has rocketed by more than three times the rate of the average salary in the space of a decade, a study has found.


The National Housing Federation said that in 2001 the typical price of a house was £121,769, while the average salary was £16,557. But 10 years later the price of a home had increased to around £236,518, a 94% rise, despite the sluggish state of the housing market in recent years.
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