The answer to that question could well be yes, according to the latest research by estate agent comparison site, GetAgent.co.uk, who found that house prices in 92 areas of Britain have climbed by more than the average net annual salary in the last year. 

With a property market boom in full swing, GetAgent analysed the latest house price data from the Land Registry and found that since last year, house prices are up by £20,162. With the average net annual income sitting at £25,246 across Britain, this means the average property has made the equivalent of 80% of the average salary. 

However, in some parts of Britain, the average property has made far more in the last year when compared to the average salary of a person living there. You can find the full list of the 92 areas below but for any enquiries as to how your local area has performed just get in touch. 

Here are just some to see the most notable increases in house prices compared to the average earnings around Britain. 

Bath and North East Somerset is home to the hardest earning bricks and mortar, with house prices up £61,931 since this time last year. This equates to a huge 260% of the average annual net earnings of £23,784 in the area.

South Hams also ranks high, with the £44,339 gained in house prices coming in at 219% of the average net earnings in the area (£20,203).

Wealden (194%) and Rother (191%) in the South East have also seen house prices climb to nearly 200% of the average wage in each area. 

However, this high house price growth isn’t restricted to the South, with both Richmondshire (189%) and Selby (186%) in Yorkshire and the Humber also ranking as some of the biggest bricks and mortar earnings when compared to local wages. 

In London, property in the London Borough of Merton has increased by £66,429 since this time last year, equating to 181% of the average net annual earnings of £36,715 in the borough. Sutton (165%), Ealing (161%) and Newham (156%) also rank high. 

In the West Midlands, North Warwickshire has seen annual house price growth climb to the equivalent of 163% of the average income, while in the East Midlands, Newark and Sherwood (161%) is home to the hardest earning homes. 

In the North West, Wirral house prices are up £35,301 when compared to an average net income of £22,844 in the area – 155%.

Pembrokeshire is the hardest earning housing market in Wales, with house prices earning the same as 137% of the average earnings in the area since this time last year.

Redcar and Cleveland ranks top in the North East with an increase of £22,942 in property prices in the last year, 107% of the average salary in the area.

Founder and CEO of GetAgent.co.uk, Colby Short, commented: 

“We’re used to positive property price growth in Britain but we’re currently seeing some of the hottest market conditions in years, driven by a mass influx of buyers keen to secure a stamp duty saving. 

As a result, house prices are soaring and in some areas, they’ve increased at a higher rate than the average income over the last year. 

This is quite astonishing and it isn’t a trend we’re seeing confined to markets in the South, it’s happening pretty much across the board.

We’re a nation of aspirational homeowners and who can blame us, when there’s a chance our homes can earn the same, if not more than we do in a year.”

Table shows house price change between February 2020 and February 2021 (latest available) and how this compares to the average annual net earnings in each region
Location	AveHP Feb 2020	AveHP Feb 2021	AveHP change £	Ave NET salary 2020	Ave HP change as % of NET salary
South West	£256,208	£279,242	£23,033	£22,684	102%
South East	£318,182	£345,075	£26,893	£27,468	98%
North West	£164,760	£184,351	£19,591	£23,120	85%
Yorkshire and The Humber	£164,353	£182,220	£17,867	£22,747	79%
West Midlands Region	£198,974	£215,451	£16,477	£23,639	70%
London	£474,480	£496,269	£21,789	£32,655	67%
East of England	£289,018	£306,346	£17,327	£26,159	66%
Wales	£165,953	£179,861	£13,907	£21,869	64%
North East	£126,993	£138,370	£11,377	£22,106	51%
Scotland	£149,582	£161,529	£11,947	£24,028	50%
England	£246,739	£268,291	£21,552	£25,563	84%
Great Britain	£233,162	£253,323	£20,162	£25,246	80%
Sources	Gov.co.uk: UK House Price Index (Feb 2020 to Feb 2021 – latest available data)	Office for National Statistics: Employee Earnings in the UK

Table shows the 92 areas of Britain where the average house price has increased at the same amount or higher when compared to the average annual net earnings in each area
Location	Region	AveHP Feb 2020	AveHP Feb 2021	AveHP change (£)	Ave NET salary 2020	AveHP change as % of Net salary
Bath and North East Somerset	SOUTH WEST	£331,952	£393,883	£61,931	£23,784	260%
South Hams	SOUTH WEST	£305,075	£349,414	£44,339	£20,203	219%
Wealden	SOUTH EAST	£327,817	£377,565	£49,748	£25,621	194%
Rother	SOUTH EAST	£296,460	£341,200	£44,739	£23,457	191%
Richmondshire	YORKSHIRE AND THE HUMBER	£204,653	£241,999	£37,347	£19,792	189%
Selby	YORKSHIRE AND THE HUMBER	£196,051	£242,022	£45,971	£24,718	186%
Swale	SOUTH EAST	£242,835	£286,398	£43,563	£23,516	185%
Merton	LONDON	£500,669	£567,098	£66,429	£36,715	181%
Waverley	SOUTH EAST	£439,570	£501,563	£61,993	£35,329	175%
Forest of Dean	SOUTH WEST	£240,087	£279,981	£39,894	£23,109	173%
Thanet	SOUTH EAST	£233,160	£269,574	£36,415	£21,615	168%
Windsor and Maidenhead	SOUTH EAST	£468,292	£524,607	£56,314	£34,047	165%
Sutton	LONDON	£372,934	£416,499	£43,565	£26,470	165%
North Warwickshire	WEST MIDLANDS	£205,180	£244,697	£39,517	£24,228	163%
Brighton and Hove	SOUTH EAST	£360,279	£400,636	£40,357	£24,823	163%
Newark and Sherwood	EAST MIDLANDS	£181,950	£219,918	£37,968	£23,533	161%
Ealing	LONDON	£467,466	£520,674	£53,208	£33,097	161%
Newham	LONDON	£371,245	£410,288	£39,044	£24,995	156%
Winchester	SOUTH EAST	£408,691	£453,658	£44,967	£28,792	156%
Wirral	NORTH WEST	£158,017	£193,319	£35,301	£22,844	155%
Mendip	SOUTH WEST	£260,219	£291,452	£31,233	£20,902	149%
East Devon	SOUTH WEST	£287,084	£317,831	£30,747	£21,004	146%
Cornwall	SOUTH WEST	£234,198	£263,014	£28,816	£19,767	146%
Southwark	LONDON	£496,382	£545,091	£48,709	£33,791	144%
Surrey Heath	SOUTH EAST	£382,663	£432,418	£49,756	£34,600	144%
South Lakeland	NORTH WEST	£240,059	£273,592	£33,533	£23,350	144%
Eden	NORTH WEST	£189,222	£219,069	£29,846	£20,832	143%
Lewisham	LONDON	£412,802	£457,419	£44,618	£31,712	141%
Pembrokeshire	WALES	£180,650	£210,376	£29,727	£21,639	137%
Trafford	NORTH WEST	£290,928	£328,188	£37,260	£27,306	136%
City of Bristol	SOUTH WEST	£283,290	£316,177	£32,887	£24,185	136%
Melton	EAST MIDLANDS	£224,014	£251,339	£27,324	£20,352	134%
Tandridge	SOUTH EAST	£452,683	£489,702	£37,019	£27,721	134%
Powys	WALES	£185,168	£211,801	£26,633	£20,128	132%
Redbridge	LONDON	£417,246	£456,098	£38,852	£29,583	131%
North Devon	SOUTH WEST	£246,012	£270,374	£24,362	£18,619	131%
Waltham Forest	LONDON	£436,371	£474,848	£38,477	£29,498	130%
Brent	LONDON	£467,924	£502,264	£34,339	£26,337	130%
New Forest	SOUTH EAST	£334,733	£366,687	£31,954	£24,720	129%
Cheltenham	SOUTH WEST	£271,866	£304,949	£33,084	£25,652	129%
Teignbridge	SOUTH WEST	£244,182	£269,534	£25,351	£19,916	127%
North Norfolk	EAST OF ENGLAND	£257,370	£282,123	£24,753	£19,468	127%
Leicester	EAST MIDLANDS	£181,625	£206,755	£25,130	£19,966	126%
Stroud	SOUTH WEST	£281,571	£311,524	£29,953	£23,814	126%
Erewash	EAST MIDLANDS	£164,969	£194,720	£29,751	£23,835	125%
Guildford	SOUTH EAST	£447,296	£490,285	£42,988	£34,502	125%
Rushcliffe	EAST MIDLANDS	£282,740	£317,830	£35,090	£28,240	124%
Wellingborough	EAST MIDLANDS	£211,436	£239,802	£28,366	£22,861	124%
Chichester	SOUTH EAST	£375,828	£405,167	£29,339	£23,646	124%
Hillingdon	LONDON	£403,613	£435,757	£32,144	£25,943	124%
Bromsgrove	WEST MIDLANDS	£291,535	£323,712	£32,177	£26,005	124%
Hastings	SOUTH EAST	£216,230	£240,319	£24,089	£19,855	121%
Reigate and Banstead	SOUTH EAST	£402,660	£440,698	£38,038	£31,436	121%
Tendring	EAST OF ENGLAND	£214,246	£239,036	£24,790	£20,525	121%
Stratford-on-Avon	WEST MIDLANDS	£313,217	£345,299	£32,082	£26,606	121%
South Somerset	SOUTH WEST	£229,674	£255,102	£25,428	£21,132	120%
Warrington	NORTH WEST	£194,387	£222,395	£28,008	£23,291	120%
Adur	SOUTH EAST	£306,644	£336,026	£29,383	£24,484	120%
Derbyshire Dales	EAST MIDLANDS	£264,555	£293,736	£29,181	£24,593	119%
St Albans	EAST OF ENGLAND	£509,661	£554,595	£44,935	£37,880	119%
Mid Sussex	SOUTH EAST	£366,628	£400,293	£33,665	£28,418	118%
Staffordshire Moorlands	WEST MIDLANDS	£182,483	£209,675	£27,192	£23,179	117%
Harborough	EAST MIDLANDS	£294,874	£326,849	£31,975	£27,294	117%
South Staffordshire	WEST MIDLANDS	£229,884	£259,408	£29,523	£25,359	116%
Shetland Islands	SCOTLAND	£148,589	£174,245	£25,656	£22,037	116%
Hambleton	YORKSHIRE AND THE HUMBER	£232,687	£258,673	£25,986	£22,360	116%
Oxford	SOUTH EAST	£406,934	£435,372	£28,438	£24,880	114%
Cannock Chase	WEST MIDLANDS	£173,481	£197,230	£23,749	£20,827	114%
Rossendale	NORTH WEST	£142,716	£166,616	£23,900	£20,961	114%
Breckland	EAST OF ENGLAND	£223,801	£247,479	£23,679	£20,896	113%
Hinckley and Bosworth	EAST MIDLANDS	£217,851	£244,886	£27,035	£23,909	113%
Newport	WALES	£186,831	£211,332	£24,501	£22,073	111%
Cambridge	EAST OF ENGLAND	£443,943	£474,824	£30,881	£28,006	110%
North East Derbyshire	EAST MIDLANDS	£194,312	£219,482	£25,170	£22,832	110%
Chorley	NORTH WEST	£177,950	£202,414	£24,464	£22,398	109%
South Norfolk	EAST OF ENGLAND	£265,747	£290,292	£24,546	£22,594	109%
Redcar and Cleveland	NORTH EAST	£122,256	£145,198	£22,942	£21,355	107%
Lichfield	WEST MIDLANDS	£255,990	£285,989	£29,999	£27,972	107%
Mid Devon	SOUTH WEST	£235,464	£258,175	£22,710	£21,178	107%
Mid Suffolk	EAST OF ENGLAND	£260,690	£284,272	£23,582	£22,563	105%
Cheshire West and Chester	NORTH WEST	£207,751	£233,241	£25,490	£24,493	104%
East Cambridgeshire	EAST OF ENGLAND	£283,994	£312,424	£28,430	£27,390	104%
Monmouthshire	WALES	£274,761	£302,780	£28,019	£26,998	104%
Lewes	SOUTH EAST	£316,889	£343,524	£26,635	£26,032	102%
Gedling	EAST MIDLANDS	£191,029	£212,962	£21,932	£21,515	102%
Lancaster	NORTH WEST	£154,034	£176,602	£22,568	£22,140	102%
Broadland	EAST OF ENGLAND	£262,813	£284,946	£22,133	£21,754	102%
Barnsley	YORKSHIRE AND THE HUMBER	£125,406	£147,536	£22,129	£21,824	101%
Carmarthenshire	WALES	£151,502	£173,959	£22,457	£22,172	101%
Canterbury	SOUTH EAST	£298,471	£323,285	£24,814	£24,630	101%
Tewkesbury	SOUTH WEST	£271,900	£295,272	£23,372	£23,268	100%
West Berkshire	SOUTH EAST	£344,701	£372,063	£27,362	£27,473	100%
Sources	Gov.co.uk: UK House Price Index (Feb 2020 to Feb 2021 – latest available data)	Office for National Statistics: Employee Earnings in the UK

END

Notes

●        GetAgent pulls data from all of the major portals which are then cross-referenced with the Land Registry using their proprietary algorithms and input from partner agents.

●        GetAgent is the UK wide whole of market estate agency comparison website. Analysing performance through data to inform home sellers of the best agents.

●        Founded in 2015 by Colby Short (Stevenson Cartwright; SMG Worldwide) and Peter Thum-Bonanno (Find Properly; Analysys Mason)

●        Backed by Seedcamp, the prolific venture capital technology investor

●        And has to date received over 100,000 enquiries for agents from property sellers to a total property value of £30bn and are now serving over 10,000 enquiries per month.