UK house prices are currently 106 times higher than they were when England won the World Cup in 1966, growing three times faster than wages, according to research from mortgage broker, Trussle.
With the start of the 2018 World Cup less than two weeks’ away, Trussle conducted a study to reveal the dramatic increase in both housing prices and footballer’s wages since England won the tournament, 52 years ago.
Since 1966, the average UK house price has rocketed from £2,006 to £211,000 while UK salaries have increased at around a third of the rate, rising from £798 to £26,500. Trussle has said that this effectively makes getting on the property ladder three times harder than it was 52 years ago.
However, first-time buyers that are top-flight footballers will not struggle to get on the housing ladder, with premier league footballers earning 1,136 times more on average than those who competed in the 1966 World Cup.
Trussle CEO and founder Ishaan Malhi said: “A lot of has changed since England won the World Cup. We’ve put a man on the moon, invented the internet and we’ve seen technology transform almost every aspect of our lives.
“We’ve also seen the UK housing market change dramatically. Prices have soared in the last 52 years, wages have struggled to keep pace and for young people, the chances of getting on the property ladder today will feel a lot slimmer than they did in 1966.”
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