First-time buyers: average salary requirement rises 18% in UK cities

Young adults face distant prospect of getting on housing ladder, research suggests

The average salary required by a first-time buyer to purchase a home in the UK’s biggest cities has risen by 18% in the past three years, above the rate of earnings growth – making it harder for young people to get on the housing ladder.

Related: London house prices post first annual fall since 2009

Continue reading…
Source: the guardian – property
First-time buyers: average salary requirement rises 18% in UK cities