What an interesting timeline re: property

In the 60’s, the average salary in the UK was £11k. Based on the price of properties, a person could buy a home after working for just over 4 months

In the early 2000’s, it would take a person 7 years and 4 months of working to buy their first property

The average salary in 2015 was £27k. If the value of money was regulated from the previous 50 years, the average salary should be £203k based on the average of £11k of the 60’s

You can see why its so difficult now for the younger generation to get on the housing market!

Housing timeline

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