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100% of London 'unaffordable' for first-time buyers

London property deemed unaffordable for first-time buyers Credit: REUTERS/Toby Melville

All local authority districts in London have been deemed "unaffordable" for first-time buyers, according to Halifax.

It has found 100% of London, the South East, the South West and the East of England are out of reach for people taking their first step on the property ladder.

In contrast, Halifax found 75% of districts in Wales were affordable, as well as 70% in the North West and 52% in the East Midlands.

Yorkshire and the Humber was found to be the region with the biggest percentage of local authority districts which were affordable to first-time buyers, at 76%.

Londoners worried about paying January's rent

One in 13 Londoners fear they won't be able to pay their rent ormortgage at the end of this month, according to a survey by the housing charityShelter.

It found 22% of people in the capital won't open their post ifthey think it's a bill, while 16% admit to putting it straight in the bin.

Shelter is warning that the 'ostrich effect' created as a result of feeling overwhelmed by money worries could put homes in London at risk this year if overdue rent or mortgage bills are put off until it's too late.


Top 10 peaceful places in London

The following roads were found to enjoy the least disruption from aeroplanes and traffic in the capital.

  • Barnsbury Square (N1) - Islington
  • Burton Mews (SW1) - Kensington and Chelsea
  • Fossil Road (SE13) - Lewisham
  • Gilstead Road (SW6) - Hammersmith and Fulham
  • Greenaway Gardens (NW3) - Camden
  • Hamilton Gardens (NW8) - Westminster
  • Johnson Close (E8) - Hackney
  • Peckham Grove (SE1) - Southwark
  • Sabine Road (SW11) - Wandsworth
  • St Margaret's Crescent (SW15) - Putney

The survey was carried out by 24 Acoustics, a noise control consultancy and was commissioned by the London Bed Company at Selfridges.

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