Article preview: For many years, rampant house price inflation was a decent earner for many families across the UK. In some cases, people were ‘earning’ more from the rising value of their property than they were earning from employment or self-employment. This situation has dramatically changed in recent years, with the gap between earnings and property price inflation shrinking. New research by lender Halifax has identified a shifting trend in many parts of the country, where historically people were gaining more from house price inflation than from their take-home pay.
Homes no longer such a good earner
This 480-word blog post considers new research by the Halifax which highlights slowing house price inflation and strengthening wage growth. Includes a comment from Russell Galley, Managing Director, Halifax. Written on 23rd April 2019.
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