The average cost of a home in London has broken through the £300,000 barrier according to figures from the Halifax House Price Index.
David Bexon, managing director, SmartNewHomes.com believes home ownership is becoming a privilege for the wealthy. He added; “This brings more bad news for the capital’s first time buyers and young families, both of whom are facing a continuous uphill struggle. With average prices in the South East also reported as being in excess of £250,000 there appears to be little reprieve for those looking to step onto the housing ladder in the UK’s most expensive regions.
SmartNewHomes.com will now be calling for the Government to scrap stamp duty for first time buyers, |
