Property Facts from Regal Estates - Residential Sales and Lettings

Another Property Factoid from your Local Independent Agent.

Property Facts from Regal Estates - Residential Sales and Lettings

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In 1997, the average British home was 3.55 times the average salary, yet today its 7.7 times the average salary

However in 1997 the Mortgage payments as a % of income for was 27% and today its just 33%

So whilst the ratio of house price to income has more than doubled, the % of take home pay, paid on mortgages has only increased by just over a fifth.

We just love finding out interesting stats about property, so when we find gems like this we just have to share !

We would love to hear your thoughts on this - please share in the comments.

Thanks in advance.

Regal

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