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Selby Has Second Highest Gap Between Wage and House Price Rises


12:00am 11th February 2014

People in Selby district would have doubled the average salary if wages had risen at the same rate as house prices.

That's the second biggest gap between wage and house price rises in Yorkshire, with York coming 4th and Ryedale coming 10th in the research by housing charity Shelter.

The charity looked at the increasing gap between house price rises and wage rises since 1997 and found people in York would need an extra £22,350 a year to keep up with rising house prices while it Ryedale it would be £17,818.

The Yorkshire table of the gap between what we earnt and what we'd earn if wages rose as fast as house prices is below:

Local Authority Rank Gap between wages and house price linked wages (£)
Harrogate 1 25,112
Selby 2 24,584
Richmondshire 3 24,421
Sheffield 4 22,521
York 5 22,350
North Lincolnshire 6 20,934
Craven 7 20,034
Calderdale 8 19,928
Kirklees 9 18,475
Ryedale 10 17,818
Bradford 11 17,661
East Riding 12 17,532
Hambleton 13 17,248
N E Lincolnshire 14 16,597
Hull 15 15,626
Leeds 16 15,566
Doncaster 17 15,394
Rotherham 18 15,057
Barnsley 19 14,712
Wakefield 20 14,245
Scarborough 21 14,153


Campbell Robb, Shelter’s Chief Executive, said:  “When you’d need to more than double your salary just to keep up with rising house prices, it is no surprise that the dream of a home of their own is slipping further out of reach for a generation.

“Politicians need to start meeting people halfway by committing to bold solutions that will get more affordable homes built. Otherwise future generations will find themselves priced out of a stable home, however hard they work or save.

“The reality is that successive governments have failed to build the affordable homes that this country needs, and as a result our housing shortage has reached crisis point.

“Despite the fanfare surrounding Help to Buy, pumping money into mortgage guarantee schemes is not the solution. This further inflates prices by increasing demand for an already limited number of homes, and will only make things worse for the next generation of first time buyers. The only solution is to build more affordable homes.”

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