UK homes have increased in value almost three times faster than their occupants' salaries over the past decade, according to new analysis. The average UK home has risen around 43% in value between 2008 and 2018, from £160,954 to £229,861. But over the same period the average salary has only increased by 15%, from 24,606 to £28,860. If wages had increased at the same rate as house prices over the period, the average annual UK salary would now be £35,187, according to the research by mortgage broker Private Finance. The firm’s managing director Simon Checkley said: "Over the past 10 years, as homeowners worked hard to earn an income, their home has done the same - arguably even more successfully."
City AM (01/10/2019) Daily Express (01/10/2019) Daily Mirror (01/10/2019)