With the world Cup set to start new research shows that house prices are 106 times higher than they were when England lifted the iconic trophy in 1966, rising from £2,006 to £211,000.
At the same time, wages have risen at around a third of the rate, moving from £798 to £26,500, meaning it is effectively three times harder to get on the property ladder than it was in 1966, according to the research from online mortgage broker Trussle.
The figures show how prices have steadily increased in large increments. The average price of a home jumped from £2,006 in 1966 to £4,164 when the next World Cup was held in 1970, then to £9,139 four years later.
By the 1982 World Cup the average was £22,685, rising to £34,931 in 1986. By 1990 it was £57,901 but there was only a drop in the next four years to £55,925 in 1994. However in this four year period the amount footballer earned jumped from £78,000 in 1990 to £142,376 in 1994.
By 1998 house price growth at resumed with the average at £72,469 and rising again to £124,747 in 2002 and £176,819 in 2006. But by 2010 due to the economic crash average house prices fell back to £168,703. But in these four years footballer wages continued to increase, up from £955,084 in 2006 to £1,615,744 in 2010.
Finally, by the 2014 World Cup average house prices had increased again to £191,669 and now in 2018 the average is £211,000. While in this four year period footballer wages increased from £2.3 million to £2.6 million.
‘A lot of has changed since England won the World Cup. In the UK housing market 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,’ said Ishaan Malhi, chief executive officer of Trussle.
