Owning own home will remain a pipe dream for most Londoners

House ladder remains pipe dream
Renting will be the only option for average Londoner

Due to high property prices and lack of affordability in London, the chances of would-be buyers in the capital getting a foothold on the housing ladder remain slim.

Although the gap between income and house prices has soared across most of the UK in recent years, the situation is most pronounced in London where a home typically costs 12 times the average London income.

The findings come from research by residential crowdfunding platform Property Partner.

 

Full story available from LandlordTODAY: https://www.landlordtoday.co.uk/breaking-news/2016/10/average-londoner-left-with-no-choice-but-to-rent

 

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