Wednesday, November 28, 2007

FTBs priced out of London..no..really?

First time buyers need an income of £100,000+ to buy average price homes in 25% of London boroughs

First time buyers need an income of more than £100,000 to buy an average-price home in a quarter of all London boroughs, a report from the London Housing Federation has shown. Soaring house prices have left the average property in the capital costing £318,000 and have created a "social crisis", with increasing numbers of people struggling to find a home of their own, according to the London Housing Federation.

Posted by converted lurker @ 09:54 AM (684 views)
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