So there we have it...

Interesting statistics from the Nationwide last week – it would appear that the typical UK home (if there is such a thing!) now costs six times average annual earnings, even though house price inflation is slowing. The same report also states that ‘over the last three years, house prices have risen by 20% while wages have risen by just 6%.’So there we have it – a short simple explanation of why we are where we are! So next time some bloke in a pub complains that he can’t sell his house, you can tell him why… and buy him a pint!