Property News · August 28, 2013

First-time buyers in London 'earn in excess of £50,000'


CML data shows incomes of first-time buyers in London outstrips average, but affordability remains tighter than in the UK as a wholeThe average first-time buyer in London now earns £52,000 a year, well ahead of the £35,000 typical figure for the UK as a whole, according to latest data.The figures from the Council of Mortgage Lenders (CML) also show that the strong performance of the capital’s property market has pushed up the average London first-time buyer home loan to £192,600. Continue reading…

Source : theguardian.com
Read more…First-time buyers in London ‘earn in excess of £50,000’

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