merridew to United KingdomEnglish · 1 year agoAverage price of a home falls by £14,000 in a yearwww.bbc.co.ukexternal-linkmessage-square7fedilinkarrow-up138arrow-down10
arrow-up138arrow-down1external-linkAverage price of a home falls by £14,000 in a yearwww.bbc.co.ukmerridew to United KingdomEnglish · 1 year agomessage-square7fedilink
minus-squaremerridewOPlinkfedilinkEnglisharrow-up6arrow-down1·1 year agoAverage wages haven’t gone up by 25% since 2020, and I doubt people have been getting 25% returns on cash held over that period. Housing affordability is lower than at any time pre-2020. https://www.ons.gov.uk/peoplepopulationandcommunity/housing/bulletins/housingaffordabilityinenglandandwales/2022
minus-squaretal@kbin.sociallinkfedilinkarrow-up2·1 year agoThat may be true, but affordability is a different matter from whether house prices are rising.
Average wages haven’t gone up by 25% since 2020, and I doubt people have been getting 25% returns on cash held over that period.
Housing affordability is lower than at any time pre-2020.
https://www.ons.gov.uk/peoplepopulationandcommunity/housing/bulletins/housingaffordabilityinenglandandwales/2022
That may be true, but affordability is a different matter from whether house prices are rising.