Home Truths London is the name of a report by the Housing Federation (an organisation representing non-profit housing associations), and - with the media largely panicking about a potential downturn in the market - further emphasises where the pain is in the London market. (A clue: it's not where a 5% or even 10% downturn would make any substantive difference.) Some facts:

• in a quarter of London boroughs, a first-time buyer would need to be earning more than £100,000 to by an average priced home.
• The number of people on the waiting list for social housing has risen by 57% in five years (to 330,000).
• In Barking & Dagenham, the rise has been 150%.

More here.

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