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28th February 2014
Data from Savills indicates that large numbers of high earners have been locked out of the London housing market due to rising prices.
The research claims that areas such as Hammersmith and Camden are now unattainable to middle-class professional workers and are now the preserve of the “über-middle class” and investors. People who could once have afforded Richmond, Wandsworth or Islington, are now buying their homes in Barnet, Lambeth and Haringey.
Source: Financial Times (22/02/14)