Londoners struggle to afford dream homes

Londoners say they simply don’t earn enough money to buy their dream home, according to a survey, as the average budget for a capital property has swelled to £384,130. Earnings stopped 33% of those surveyed by Money, while deposit building and mortgage availability were the next two big worries for city dwellers looking to settle. Bedrooms and outside space were most alluring to Londoners wanting to buy, while just 13% cared about a picturesque view. Size and quality of bedrooms or balconies were the biggest considerations while having local shops was also crucial to 31% of those surveyed. Transport links were of the second-highest importance, according to Money, with 30% scoping out nearby connections before sealing the deal.

City AM (05/06/2021)