Wednesday, 27 April 2011

Buying property now more affordable for key workers, Halifax report finds | Money | guardian.co.uk

Buying property now more affordable for key workers, Halifax report finds | Money | guardian.co.uk

Housing has become more affordable for nurses, policemen and firefighters since property prices peaked in 2007, a report by the Halifax has revealed.

House prices in 38% of towns are now within reach of people earning the average key worker salary of £30,486 per year, up from just 3% of towns in 2007.

However there has been a decline in properties affordable to key workers during the past decade with just 38% falling into the right price bracket now compared to 64% in 2001.

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