One in five homes ‘earnt’ more than their owners over past two years, claims research

ONE in five homes “earnt” more than their owners over the past two years, researchers found.

Properties in Barnet, North London, rose in value by £106,896 over 2016 and 2017, almost double salaries there.

2

North Hertfordshire was next with a £95,417 rise, compared to average earnings of £54,514.

Canterbury, Oxford and Guildford in Surrey also made the top ten, the Halifax figures for council districts showed.

There was a big North/South divide with most areas in the South. The proportion of districts where prices outpaced pay fell from 31 per cent in 2016 to 18 per cent in 2017.

A separate Zoopla study showed the average home piled £44 per day on to its value since the start of 2018, or £3,917.

2

Best performer was the North West with a 1.85 per cent rise or £3,552.

In the same period in 2017 the market shrank.

• GOT a story? RING The Sun on 0207 782 4104 or WHATSAPP on 07423720250 or EMAIL [email protected]
  
  Big Brother star Bex Shiner boasts about taking drugs and driving while high on Valium