Figures reveal ‘out of control’ house prices

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The majority of people on average wages in Bedfordshire would need to more than double their annual salary just to keep up with “out of control” house prices.

National charity Shelter has compared the average annual income with the house price inflation since 1997 to investigate how “out of sync” house prices have become.

It has revealed that the average wage in Bedford is just over £23k, whereas the average house price inflation sits at £46,927 – meaning wages would have had to be doubled to keep up with the price of buying a house.

 

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