FionaK |
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| Not sure we didn't get massive inflation, Vninect.
In 1980 the average wage in the UK was £6,287 a year (nationwide comparison of house price v earnings)
In 1980 the average price of a house was £23287 (nationwide house price survey)
In 2010 the median full time wage was £25,900 a year (Annual survey of hours and earnings from ONS)
In 2010 the average price of a house was £165,482 (nationwide house price survey)
When it applies to houses we do not call it inflation. We call it a "strong housing market".
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