An increase in public sector salaries in 2019 significantly contributed to making UK housing more affordable, according to property specialists Quinshaw Finance. The alternative property lender has pointed to the government’s announcement last summer which saw nearly a million public sector workers receive pay increases as a key factor in helping to make housing more accessible. The London-based lender, which primarily focuses on helping property developers to secure funding, responded to data published by the Office for National Statistics (ONS) that suggested that the average UK house buyer would have to spend 7.8 times their annual salary in 2019 –…
UK housing is now more affordable ‘thanks to public sector pay rise’, according to Quinshaw Finance
