Just 43 Affordable Homes on the Market for First-Time Buyers in London

There are only 43 potentially suitable homes in London currently available that would be “affordable” for the typical young family buying their first property, according to research by Shelter. The charity says that in 35 local authorities there are no appropriate homes available for first-time buyers at all, mostly in the south-east and London. They include Cambridge, where Shelter estimates the most expensive home a young family on average incomes could afford would be £125,684. Looking at listings of properties with two or more bedrooms on the website Zoopla, the housing charity found that just 0.1% of those in the capital would fall into what they defined as an “affordability threshold”. Read more on the Guardian website.