Property Prices Up Over 100 times Since 1966

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With the World Cup starting next week it marks 52 years since the England team lifted the trophy in 1966.

To mark the occasion mortgage broker Trussle have researched how property prices have risen since 1966, with startling results.

The research showed that since 1966 the average UK house price has risen from £2,006 to £211,000, up by 106 times. While at the same time wages have risen at around a third of that rate, moving from £798 to £26,500.

This effectively means it is three times harder to get on the property ladder than it was in the summer of 1966, when the full England team last tasted tournament success.

That is unless you are a top-flight footballer, a group that have seen average wages rise by an incredible 1,136 times more than their counterparts such as Bobby Moore and Franz Beckenbauer back in England’s famous World Cup winning year.

Looking at how the current England squad compares to the heroes of ’66, right back Kyle Walker earns approximately 867 times more than George Cohen did when he was going toe-to-toe with Franz Beckenbauer and Uwe Seeler in the West Germany team. Walker earns £130,000 per week at Manchester City, while Cohen was earning £80 a week at Fulham in the sixties.

Cohen had to sell his medal in 1998 due to his poor financial situation, while World Cup final hat-trick hero Sir Geoff Hurst had to go on benefits following his retirement from playing.

It is estimated that the average wage of the current England squad is just below £80,000 per week. For context this is more than 3 times the annual UK average wage.

With property prices rising so much since 1966 it is no wonder that the private rental sector has also grown substantially to offer accommodation for those unable or unwilling to join the property ladder and shows that the buy to let property market will always have a strong presence.

It also makes you wonder why the government seems to be so out to get the private rental sector landlords that offer such a crucial service to the UK society.

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