{ "title": "Same dream. More than twice the price-to-pay gap.", "publication": "2026-11-01", "version": 2, "charts": [ { "kind": "line", "title": "THE GAP BETWEEN\nHOMES AND PAY", "series": [ { "label": "Home price ÷ annual pay", "points": [ { "x": 1997.25, "y": 3.54, "label": "1997" }, { "x": 1998.25, "y": 3.67, "label": "1998" }, { "x": 1999.25, "y": 3.96, "label": "1999" }, { "x": 2000.25, "y": 4.19, "label": "2000" }, { "x": 2001.25, "y": 4.5, "label": "2001" }, { "x": 2002.25, "y": 5.12, "label": "2002" }, { "x": 2003.25, "y": 5.93, "label": "2003" }, { "x": 2004.25, "y": 6.6, "label": "2004" }, { "x": 2005.25, "y": 6.79, "label": "2005" }, { "x": 2006.25, "y": 6.95, "label": "2006" }, { "x": 2007.25, "y": 7.15, "label": "2007" }, { "x": 2008.25, "y": 6.97, "label": "2008" }, { "x": 2009.25, "y": 6.4, "label": "2009" }, { "x": 2010.25, "y": 6.85, "label": "2010" }, { "x": 2011.25, "y": 6.8, "label": "2011" }, { "x": 2012.25, "y": 6.77, "label": "2012" }, { "x": 2013.25, "y": 6.76, "label": "2013" }, { "x": 2014.25, "y": 7.09, "label": "2014" }, { "x": 2015.25, "y": 7.54, "label": "2015" }, { "x": 2016.25, "y": 7.72, "label": "2016" }, { "x": 2017.25, "y": 7.91, "label": "2017" }, { "x": 2018.25, "y": 8.04, "label": "2018" }, { "x": 2019.25, "y": 7.88, "label": "2019" }, { "x": 2020.25, "y": 7.86, "label": "2020" }, { "x": 2021.25, "y": 9.06, "label": "2021" }, { "x": 2022.25, "y": 8.56, "label": "2022" }, { "x": 2023.25, "y": 8.45, "label": "2023" }, { "x": 2024.25, "y": 7.84, "label": "2024" }, { "x": 2025.25, "y": 7.63, "label": "2025" } ] } ], "unit": "×", "footer": "England • 1997–2025 • median price / workplace full-time earnings. Early earnings annualised from weekly pay.", "breaks": [], "sources": [ { "sha256": "5f9e3f0a59cb834b0c28ab6c46b5b010c2b37bb6f5346576e7591d86c3c60134", "url": "https://www.ons.gov.uk/peoplepopulationandcommunity/housing/datasets/ratioofhousepricetoworkplacebasedearningslowerquartileandmedian", "note": "Earnings for 1997–1998 are annualised weekly earnings, not annual — treat those two years with care." } ] }, { "kind": "bars", "title": "BETTER THAN THE PEAK.\nSTILL HARD TO REACH.", "rows": [ { "label": "1997", "value": 3.54 }, { "label": "2021 peak", "value": 9.06 }, { "label": "2025", "value": 7.63 } ], "unit": "×", "footer": "England • price-to-earnings ratio, not years of saving or a mortgage affordability test.", "sources": [ { "sha256": "5f9e3f0a59cb834b0c28ab6c46b5b010c2b37bb6f5346576e7591d86c3c60134", "url": "https://www.ons.gov.uk/peoplepopulationandcommunity/housing/datasets/ratioofhousepricetoworkplacebasedearningslowerquartileandmedian", "note": "Earnings for 1997–1998 are annualised weekly earnings, not annual — treat those two years with care." } ] }, { "kind": "bars", "title": "LIKING YOUR HOME\nIS A DIFFERENT QUESTION", "rows": [ { "label": "Owners", "value": 93.89866066792787 }, { "label": "Private renters", "value": 80.50773920152066 }, { "label": "Social renters", "value": 75.1970490228756 } ], "unit": "%", "footer": "English Housing Survey • 2024/25 • private households; communal accommodation excluded.", "survey": true, "sources": [ { "sha256": "903499f90cf8592838b15651c4c9e12bc2478fdb96a20a000d8db782da08ebf9", "url": "https://www.gov.uk/government/statistical-data-sets/attitudes-and-satisfaction", "note": "" } ] }, { "kind": "line", "title": "RENT, PAY AND ENERGY:\nA SHORTER WINDOW", "series": [ { "label": "Private rent", "points": [ { "x": 2015, "y": 0.0, "label": "2015" }, { "x": 2016, "y": 3.3333333333333437, "label": "2016" }, { "x": 2017, "y": 5.8648648648648605, "label": "2017" }, { "x": 2018, "y": 6.837837837837846, "label": "2018" }, { "x": 2019, "y": 8.837837837837847, "label": "2019" }, { "x": 2020, "y": 10.783783783783774, "label": "2020" }, { "x": 2021, "y": 12.315315315315335, "label": "2021" }, { "x": 2022, "y": 17.144144144144136, "label": "2022" }, { "x": 2023, "y": 25.810810810810803, "label": "2023" }, { "x": 2024, "y": 36.75675675675676, "label": "2024" }, { "x": 2025, "y": 45.36936936936937, "label": "2025" } ] }, { "label": "Typical full-time pay", "points": [ { "x": 2015, "y": 0.0, "label": "2015" }, { "x": 2016, "y": 2.1948912015137267, "label": "2016" }, { "x": 2017, "y": 4.446546830652798, "label": "2017" }, { "x": 2018, "y": 7.890255439924321, "label": "2018" }, { "x": 2019, "y": 11.069063386944178, "label": "2019" }, { "x": 2020, "y": 11.031220435193934, "label": "2020" }, { "x": 2021, "y": 15.78051087984862, "label": "2021" }, { "x": 2022, "y": 21.892147587511836, "label": "2022" }, { "x": 2023, "y": 30.48249763481552, "label": "2023" }, { "x": 2024, "y": 38.20245979186376, "label": "2024" }, { "x": 2025, "y": 45.373699148533575, "label": "2025" } ], "color": "#C96A50" }, { "label": "Gas prices", "points": [ { "x": 2015, "y": 0.0, "label": "2015" }, { "x": 2016, "y": -5.900000000000006, "label": "2016" }, { "x": 2017, "y": -6.999999999999995, "label": "2017" }, { "x": 2018, "y": -3.400000000000003, "label": "2018" }, { "x": 2019, "y": -3.9000000000000035, "label": "2019" }, { "x": 2020, "y": -13.5, "label": "2020" }, { "x": 2021, "y": -13.3, "label": "2021" }, { "x": 2022, "y": 64.69999999999997, "label": "2022" }, { "x": 2023, "y": 95.0, "label": "2023" }, { "x": 2024, "y": 46.199999999999996, "label": "2024" }, { "x": 2025, "y": 50.499999999999986, "label": "2025" } ], "color": "#9B80AD" } ], "unit": "%", "footer": "2015–2025 • UK rent/gas, GB median pay • percent change; pay breaks marked. No earlier rent history invented.", "breaks": [ 2021, 2023 ], "sources": [ { "url": "https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/priceindexofprivaterentsukmonthlypricestatistics", "note": "" }, { "url": "https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/earningstimeseriesofmediangrossweeklyearningsfrom1968to2022", "note": "NES / ASHE as published in one official historical workbook. Later-basis observation selected where source publishes overlap. No adjustments to remove breaks. Gaps in the drawn pay line at method changes. Long-run comparisons are approximate, not a single consistently sampled panel." }, { "url": "https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/d7du/mm23", "note": "" } ] } ], "publishedCases": [ { "label": "Will’s experience in temporary accommodation — Shelter, 2019", "url": "https://england.shelter.org.uk/media/press_release/a_child_becomes_homeless_in_britain_every_eight_minutes" } ], "interpretation": "Survey feelings, measured outcomes and individual published cases are distinct evidence. Connections are not quantified causal effects. Historical dates and methodological breaks are retained. Builder checks are not independent analytical assurance." }