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The accessibility of apartments in England and Wales returned to the level before the pandemic last year after the salaries increased much faster than the prices of houses, show official figures.
Last year, the middle average home in England cost £ 290,000-7.7 times more than an average full-time employee earnings. This was below 7.9 reported in 2019, as a summit of 9.0 in 2021, showing the figures from the National Statistics Office.
Ratio House prices She raised rapidly between 2020 and 2021, as interest rates were reduced to the bottom of the stone, and the British government brought tax incentives for home customers.
Since 2021, home prices in England and Wales have increased by 1 percent, while the average earnings have increased by 20 percent. A sharp increase in inflation and interest rates during this time reduced the sale and prices of the house, and led to a wage increase.
