First-time buyers now need over £50k salary

First-time buyers need an income of at least £53,000 to purchase a home, rising to a whopping £84,250 in London, according to a survey of house prices in the UK’s 20 biggest cities by Hometrack. The average sum is up by £8,000, or 18%, in three years due to sharp house price growth.

The Times (26/09/2018)