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thehatfox@lemmy.world to United Kingdom@feddit.ukEnglish · 1 year ago

Average British house price hits record high of £375,000

www.theguardian.com

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Average British house price hits record high of £375,000

www.theguardian.com

thehatfox@lemmy.world to United Kingdom@feddit.ukEnglish · 1 year ago
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Pent-up demand from would-be buyers pausing their plans last year has led to price rise despite mortgage rates remaining elevated
  • jordanlund@lemmy.world
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    1 year ago

    $476,453 US.

    • Zip2@feddit.uk
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      1 year ago

      90,908 Big Macs.

    • applepie@kbin.social
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      1 year ago

      Median income is of course lower than the US?

      • jordanlund@lemmy.world
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        1 year ago

        Good question… not sure.

        https://www.avtrinity.com/uk-average-salary

        The median average salary for all workers (full-time, part-time, male and female) in the UK in 2023 was £29,669 (£27,756 in 2022 and £25,971 in 2021).

        The mean average salary for all workers (full-time, part-time, male and female) in the UK in 2023 was £35,404 (£33,402 in 2022 and £31,447 in 2021).

        £29,669 = $37,678.44 USD

        I’m getting conflicting info for the US.

        This site says $40,480 in the US in 2022.

        https://fred.stlouisfed.org/series/MEPAINUSA672N

        This site says $74,580.

        https://www.census.gov/library/publications/2023/demo/p60-279.html

        Aha, I see… PERSONAL income vs. HOUSEHOLD income.

        Median home price in the US is $433,588:

        https://www.redfin.com/us-housing-market

        • applepie@kbin.social
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          1 year ago

          Yep peraonal v household.

          Not sure what UK household is but looks like personal is within deviation and so is housing costs

          So we are getting fucked about the same. Canadians overlords appear to hate them more tho

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