London only has one home on sale for £100,000 or less

Studio would still require £20,000 deposit and mortgage of three times average salaryLondon has only one home listed for sale at £100,000 or less, as the capital’s housing crisis puts affordable homes out of reach.The property is a studio off a busy dual carriageway in Hornchurch, on the periphery of east London. It is one of several flats carved out of a former commercial building, measures 4.9m by 4.5m (15ft by 16ft) and has one door and two windows. Continue reading...