What was the average weekly wage and the average house price in 1963?
Fifty years ago, the average house price was £3,160 and the average weekly wage was £18 (£960 annually). In the 1960s you could buy a loaf of bread for 5p and a season ticket to see Manchester United cost £8.50. During this period, for the first time, virtually all houses had electricity.
Property was cheaper to buy in the 1960s, and today you could pay 5 or 6 times the average salaries to get onto the property ladder.
Of interest, the 1960s is known as the” Swinging Sixties” and is associated with the rise of British pop music and fashion.
With the average UK house price now standing at £174,910, what can homebuyers expect in 2014? Know more at Telegraph.co.uk