Monday, 4 April 2016

Quarter Of Young Londoners Willing To Leave Capital Over Homes Crisis

More than four in 10 young Londoners are willing to quit the capital for a better chance of getting on the housing ladder. For more than a quarter, the crisis is so desperate that they would be prepared to leave the country altogether. The findings come shortly after official statistics showed the average house price in London jumped £15,000 in January to a new all-time high of £551,000. For first-time buyers the average stands at £432,000, according to the Office for National Statistics. The findings found 43 per cent of Londoners aged between 18 and 40 said they were prepared to move to a more affordable part of the country. Read more on the Evening Standard website.

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