First-time buyers in London need almost £100,000 salary to buy average price home.: UK Property Shop News
A first-time buyer needs a salary of almost £100,000 to buy the average price home in London, according to an annual survey by the National Housing Federation.
Even buying a lower value home (a property in the bottom 25% of prices) requires an average salary of over £50,000 - almost double the average income in the capital - according to the Home Truths London 2010 survey.
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