Excellent news!

According to analysis from LSL Property Services, house prices have increased by just 11pc between 2006 and 2011, which means that the actual worth of the average home has gone down.

This is because inflation has increased by 17pc in the same period, while salary growth is up 15pc. For home owners in many parts of the country, the situation is far worse.

So house prices are falling in real terms and against wages.

Rather what we need to be happening, no?

 

1 thought on “Excellent news!”

  1. Agreed.But note the doom laden tones of the piece you’re quoting: it should be saying that in certain parts of the country things are even better .

Leave a Reply

Your email address will not be published. Required fields are marked *