Same for here too though. You won't find many £300K houses in and around London
WALLACE
joined 1 month ago
The average in 1980 was £19,273. In today's money that is £105K. So prices have effectively tripled in one generation.
The average house in the US costs just under $400K, which is £295K. So they are basically the same price.
I know what you mean, the prices are high but you don't even get a lot of house for that money. We had a budget of around 300 and the choices were either tiny new build shoeboxes with miniature gardens overlooked in all directions with poor access/no local amenities, or older OK-sized places in some pretty rough areas.
We eventually found a 3-bed ex council place and thankfully it's a relatively quiet area with pleasant enough neighbours. Though it is jarring that we are two professionals with degrees working full time to afford the same house that our neighbours were given a few decades ago and only one of them works and it's a minimum wage job.