Any major sporting, political or cultural event inevitably finds itself hooked by public relations firms for a snappy release, and the World Cup is no different.
Online mortgage broker Trussle has put out research showing that UK house prices are now 106 times higher than they were when England won their only World Cup in 1966.
The firm has charted how the typical wage of footballers, the average UK salary and house prices have changed each year since 1966, and it’s pretty depressing reading.
Using Land Registry figures, the brokers says that since 1966 the average UK house price has risen 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 a year.
Ishaan Malhi, chief executive of Trussle, said this means it is effectively three times harder to get on the property ladder than it was in the summer of 1966.
This may trouble most first-time buyers but isn’t something that will affect the top-flight footballers going to the World Cup, with the average wage of the current England squad at just below £80,000 per week.
Looking at how the current England squad compares to the heroes of 1966, right back Kyle Walker earns £130,000 per week at Manchester City, while the legendary George Cohen was earning £80 a week at Fulham in the 1960s.
Ishaan Malhi, CEO 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.”
| Average annual footballer salary | Average UK house price | Average UK annual salary | |
| 1966 | £2,288 | £2,006 | £798 |
| 1970 | £3,640 | £4,163 | £1,080 |
| 1974 | £5,304 | £9,139 | £1,809 |
| 1978 | £17,160 | £14,236 | £3,269 |
| 1982 | £39,000 | £22,685 | £5,613 |
| 1986 | £57,200 | £34,931 | £7,551 |
| 1990 | £78,000 | £57,901 | £10,601 |
| 1994 | £142,376 | £55,925 | £12,900 |
| 1998 | £371,072 | £72,469 | £15,098 |
| 2002 | £858,988 | £124,747 | £17,576 |
| 2006 | £955,084 | £176,819 | £20,696 |
| 2010 | £1,615,744 | £168,703 | £22,724 |
| 2014 | £2,300,000 | £191,669 | £24,232 |
| 2018 | £2,600,000 | £211,000 | £26,500 |
Comments (2)
Easier and more profitable for the Government to increase Taxes for Landlords and blame them for House prices rather than acknowledge the countries Poor financial performance and wage lag.
Simplistic statistics just balls using footballers salaries and no reflection on interest rates Rediculously low interest rates allow massive lending multipliers = High borrowing facilities and resultant high property prices.