Tuesday, March 9, 2010
Home-Owner-Ism achieves important milestone
Ninety per cent of couples under 40 with children in London cannot afford to get on the housing ladder, it emerged today... The figure of 10 per cent in London compares with 21.4 per cent in the South-West and 23.8 per cent for the South-East. Almost of a third of young working couples without children in the capital were able to afford a home in 2008, the last year figures were available... Typical first-time buyers have seen average deposits soar from 16 per cent of annual income in 2000 to 64 per cent last year.