High cost of London homes

26th February 2016

According to research from the National Housing Federation, Londoners would need a pay rise of 266% to be able to buy a home in the capital. Highlighting how property prices in the capital have spiralled, the report found over half of London boroughs require an average income of more than £100,000 in order to buy a home. David Orr, chief executive of the National Housing Federation, said: “A secure and affordable home should be available to everyone. Living in London doesn't have to mean living in cramped, overpriced, insecure accommodation.”

Daily Mail (24/02/2016)