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The Guardian - UK

Business

Rupert Jones

House price growth outstrips wages in 90% of England and Wales

England Wales United Kingdom Land Registry

Estate agent boards outside houses on a residential street. — The ONS said housing affordability worsened in 300 of 331 areas last year. Photograph: Yui Mok/PA

House price rises outstripped wage growth in more than 90% of England and Wales last year, according to official data that prompted talk of a possible full-blown “affordability crisis”.

The Office for National Statistics (ONS) said house prices grew faster than earnings in 91% of local authority districts in 2021.

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