House prices have boomed, but salaries haven't
While house prices have increased by nearly 6x since 1995, the median salary has risen just 2.5x; and with soaring mortgage rates, buyers are putting up far higher deposits than in the past.
All figures are for averages across UK, where possible. *1995 data: kept in nominal terms. For average rent, weekly Rent Officer Service figures for 1996/7, annualised. **median salary used for average, from ONS.
