On the other, other hand....

https://www.financialreporter.co.uk/...e-the-70s.html

House prices are currently sitting at 8.8 times the average earnings, more than doubling since the 1970s, according to new research from House Buyer Bureau.

The research shows that the average house price throughout the 1970s sat at just £9,277, the equivalent of £68,493 today after adjusting for inflation.

Although the average home may have been significantly more affordable when compared to the current market, the average earnings was also far lower at £2,265, or £16,723 after adjusting for inflation.

As a result, the average home during the 70s required 4.1 times income.


The 8.8 times average salary for an average house purchase today is UK wide. It is over 11x in London and nearer 6.5x in Wales.