Average house prices have soared 94 per cent over the last 10 years, while wages have grown just 29 per cent over the same period, according to the National Housing Federation.
Research by the NHF shows average house prices have almost doubled from £121,769 in 2001 to £236,518 in 2011, while the average wage has grown from £16,557 to £21,330.
The amount of deposit required to obtain a mortgage has risen by 386 per cent over the same period, meaning that a deposit for a 90 per cent mortgage has grown from nine months salary to almost three years.
In 2001, the ratio between the average house price and salary was 7.4, but by 2011 that had risen further to 11.1.
National Housing Federation chief executive David Orr says: “These shocking figures show that it is getting increasingly harder for millions of people to buy a home of their own in the current climate. With the gap between income and house prices growing ever wider, people can often feel like they have to win the lottery to be able to buy in their local area.
“A shortage of homes means the price to buy them is being pushed ever higher by the market, and out of reach of millions of hard working families. Unless we start building more homes people can truly afford to match the demand, this will only get worse.”