The average house price in the UK has almost trebled in the past 20 years, new research has revealed.
Coulters Property said in 1999, the average house price in the UK was just £77,961. It has now risen to £230,735, with average income also increasing, but only by 70%.
In 1999, a 10% deposit would have worked out at about 43.8% of an annual salary, but this has risen by about three quarters to 76%.
House prices were sourced from the Land Registry’s UK House Price Index, taking an average for each calendar year.
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