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1960s house prices

By the 1960s you would have needed to work an extra 240 hours on the average wage to buy the average home, but you would have needed almost twice as much gold at about 174 ounces. However, at £4,000 the average house was still less than the average salary.

How much UK house prices have really risen

Everyone knows UK houses cost more now than in the past, but it isn’t always easy to work out what that really means when earnings and inflation are taken into account. So here’s what an average home would have cost you over the last 60 years in pounds, hours worked to make that money and compared to something else that’s concrete – the amount of gold needed to buy one.