Homeowners can now earn more from their house price going up than they can from their salary
manchestereveningnews.co.ukHomeowners in the UK can now make more money from their home than they can from working. New research has revealed that people who have bought their own home can earn more per hour from their house price going up than they can from their salary.
The latest house price data shows that house prices have climbed by almost £10 an hour in some regions, caused by extreme demand in the property market.
This means that many homeowners can now clock up more money per hour from the rising value of their home than they can from their job, according to research carried out by analysts at House Buy Fast. READ MORE: What homes you can buy in Greater Manchester with a budget of £100,000 People living in a property worth £289,099, which is the current UK average according to House Buy Fast, can expect to have seen their house price increase by at least £19,842 over the last 12 months.
That breaks down as £9.88 an hour, £79 a day and nearly £400 a week, reports the Mirror. Meanwhile millions of Brits who live in properties worth £425,000 will have seen their value rise by almost £30,000 a year.
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