Housing charity finds just 43 homes in London are affordable for families
New research by housing charity Shelter has revealed that in 10% of local authorities there are “absolutely no homes for sale that are affordable for families earning a typical wage”.
The number of affordable properties in London was just 43, which could be lower if house boats and mobile homes were not included, reports 24dash.
In England on the whole over 80% of properties on the market are not affordable for families looking to get on the housing ladder.
Shelter chief executive Campbell Robb said: “Over 80% of homes on the market are off limits for a typical family, and this is nothing short of a scandal. Decades of failing to deliver the homes we need is leaving millions trapped in expensive and unstable private renting, or in their childhood bedrooms, with barely a hope of saving for a home of their own. For the next government, whoever that may be, it’s time for the talk to stop and the work to begin. Politicians need to act swiftly to deliver the plan that will build the 250,000 homes a year we need, or millions more people will be forced to kiss their dreams of a stable and affordable place to live goodbye.”
Shelter analysed asking prices for thousands of properties for sale across the country and compared it to the mortgage an average family buying their first home could afford. Across the country only 17% of were affordable for families needing two bedrooms, and 7% were affordable for those looking for properties with three or more bedrooms.
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