Property News · April 29, 2015

Just 43 homes on the market affordable for first-time buyers in London


Only 0.1% of homes in London and fewer than one in five across England are affordable for the average young family, according to ShelterThere are only 43 potentially suitable homes in London currently available that would be “affordable” for the typical young family buying their first property, according to research by Shelter.The charity says that in 35 local authorities there are no appropriate homes available for first-time buyers at all, mostly in the south-east and London. They include Cambridge, where Shelter estimates the most expensive home a young family on average incomes could afford would be £125,684. Continue reading…

Source : theguardian.com
Read more…Just 43 homes on the market affordable for first-time buyers in London

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