Gap widens for buyers

The cost of buying a home in England has risen by over three times the rate of the average salary within 10 years, new research reveals. The National Housing Federation reportedly said that in 2001 the typical price of a house was £121,769, while the average salary was £16,557. But 10 years later the price of a home had increased to around £236,518, a 94% rise, despite the sluggish state of the housing market in recent years.