£100k + salary for first time buyers by 2020, Shelter warns

15th April 2016

Aspiring first-time buyers in London will need an annual salary of £106,000 – with a deposit of £138,000 – to buy a typical home worth £558,000 in 2020, homeless charity Shelter is predicting. Shelter's calculations are based on people typically needing to put down a deposit in the capital of 24.8% of the property's price.

Evening Standard (13/04/2016)