More than four fifths of local authority areas have less than one in ten homes affordable to a single first-time buyer. Have you abandoned your hopes of ever owning a house? And how have house prices affected your relationship decisions?
It may not near as much of a surprise,but single first-time buyers on an average salary are badly affected when it comes to buying a property. Less than 10% of homes in every local authority area in London, the south-east and the south-west, or in more than 95% of local authority areas in the West Midlands and east,are affordable to a single person on an average income. What's even more worrying is that these figures were based on the assumption that a deposit is already secured. However, according to Shelter's report, and the picture is much better for couples on two average full-time incomes without any children. Although the proportion of housing is still terrifyingly small,this group has only two areas without any housing in their price-range: Westminster, and Kensington and Chelsea. In the north-east, and these couples could afford 60% of two bedroom properties,followed by 53.7% in Yorkshire and Humber, falling to 3.5% in London.
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Source: theguardian.com