UK homes are 'unaffordable for first-time buyers'

Posted: 01 May 2015 16:45:50 GMT

            Property News - UK homes are 'unaffordable for first-time buyers'

A new report has claimed first-time buyers in the UK continue to be priced out of the housing market.

First-time buyers in the UK continue to be priced out of the market, a report from housing and homelessness charity Shelter has claimed.

According to a breakdown of properties by the group that are currently available on the estate agency website Zoopla, it found that just 16.9 per cent of listed properties would be classed as affordable for families earning the median income of £30,748 per year.

Meanwhile, just 7.5 per cent of homes were listed at an affordable price for single individuals.

Responding to the report, Sylvia Jones of trade union UNISON stated: "What is desperately needed is a significant increase in the supply of all types of housing - particularly social housing - over the next 30 years."

She added that a widening of housing options for all groups would help to address issues of affordability and availability across the country.

Sky - Unlimted Broadband & TV
BT Broadband - Plus FREE BT Sports
Virgin Media - Superfast Broadband & TV
Gas & Electricty - Save up to £533
Mortgages - Find the cheapest
Home Insurance - Compare 70 providers
Free Credit Check - Check your credit file
Conveyancing - Fast Free quote
Tax Saving Guides - Tips to save Tax