Widening gap between house prices and wages 'leaves millions locked out of home ownership'

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Published by Jon Land for 24dash.com in Housing and also in Bill Payments

The cost of buying a home in England increased by more than three times the rate of an average salary over the past 10 years, according to research published today. The National Housing Federation says the "shocking" findings show getting on the housing ladder is out of reach for millions of people. Research found that in 2001 the average price of a home was £121,769, and the average salary was £16,557. In the space of 10 years the price of a home has rocketed to £236,518 – an incre...

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