While demand outstrips supply as now, prices increase. These have a ceiling of the maximum people can afford. If everyone is given a £10k payrise, then rents wi

While demand outstrips supply as now, prices increase. These have a ceiling of the maximum people can afford. If everyone is given a £10k payrise, then rents will increase by £10k, and buying will increase by whatever an extra £10k a year will get you on the mortgage. Until supply increases enough so that demand is no longer artificially constrained that will be the case. Now there are places where supply is higher than demand, like inner cities in places like Stoke, and prices there are low enough that even a single earner on minimum wage with 6 months salary as a deposit can afford a 2 bed house [0] [0] https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=114196907&sale=14460331&country=england https://www.rightmove.co.uk/house-prices/detailMatching.html...