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Re: What would you do if you were Prime Minister? 2024
Also, the elephant in the room that is the relationship between house prices and salary…
In 1983, the average house price was £26,000 and the average salary was £8,528. Therefore, it would take 3 times the average salary to buy the average house.
In 2023, the average house price was £280,000, and the average salary was £33,000, needing 8.5 times the average salary to average house.
In Yorkshire, the current average house price is £240,000, and the average salary is £27,600 - 8.7 the average salary…
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