First-time buyers: average salary requirement rises 18% in UK cities

Young adults face distant prospect of getting on housing ladder, research suggestsThe average salary required by a first-time buyer to purchase a home in the UK’s biggest cities has risen by 18% in the past three years, above the rate of earnings growth – making it harder for young people to get on the housing ladder. Related: London house prices post first annual fall since 2009Continue reading...