The ever-more unaffordable price of a house

United Kingdom

For the so-called 'Generation Rent', the dream of buying a house is usually a distant and unrealistic one. As figures from the Office for National Statistics shows, the dream is only moving further away, too. When comparing the ratio of median house prices in England and Wales to the average earnings, the gap is only moving in the wrong direction. In 1997, the rate was 3.54 in England and 3.00 in Wales. In 2016, this had jumped up to 7.72 and 5.79.

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This chart shows the affordability of housing in England and Wales.

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The ever-more unaffordable price of a house

United Kingdom