80% of homes 'too expensive' for first-time buyers

Four in every five properties in England are too expensive for a typical working family trying to get on the property ladder, a report has found.

80% of homes 'too expensive' for first-time buyers

More than 80% homes in England are too expensive for a typical working family trying to get on the property ladder, a report has found.

Just 86 properties in London were deemed affordable by Shelter. Credit: Tim Ireland/PA Wire

Housing charity Shelter, which analysed more than 325,000 properties with at least two bedrooms for sale across England, found that just 17.9% of them were within the financial reach of a household with children on an average local wage, leaving the remaining 82.1% beyond their means.

Just 86 properties were found to be affordable to local families in the whole of London, compared with 16,134 in the North West.

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