Since 1966, the average house price has risen from £2,006 to £211,000 while wages have risen at around a third of the rate, moving from £798 to £26,500. This means it is effectively three times harder to get on the property ladder now.
House prices are 106 times higher than they were when England won the World Cup in 1966 – growing three times faster than wages, online mortgage broker Trussle has found.
Since 1966, the average house price has risen from £2,006 to £211,000 while wages have risen at around a third of the rate, moving from £798 to £26,500. This means it is effectively three times harder to get on the property ladder now.
Ishaan Malhi, chief executive and founder of Trussle, said:“A lot of has changed since England won the World Cup. We’ve put a man on the moon, invented the internet and we’ve seen technology transform almost every aspect of our lives.
“We’ve also seen the UK housing market change dramatically. Prices have soared in the last 52 years, wages have struggled to keep pace and for young people, the chances of getting on the property ladder today will feel a lot slimmer than they did in 1966.”
However on average Premier League footballers earn a staggering 1,136 times more than top-flight stars did back when Bobby Moore, George Best and Pele were making history.
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.
Walker earns £130,000 per week at Manchester City, while Cohen was earning £80 a week at Fulham in the 1960s.
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 three times the annual UK average wage.
