Evening Standard: "Most families in London now rent rather than own homes"

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"Fewer than half of London families own the roof over their heads for the first time in 30 years.

" 'Generation rent' is now in the majority after soaring prices, a mortgage famine and a disastrous housebuilding slump shattered the home-buying dreams of tens of thousands of Londoners.

"Latest government figures show that just 1.656- million, or 49.9 per cent, of the capital’s 3.318- million homes are occupied by the people who own them.

"The rest are rented out by private landlords, councils or housing associations."


Evening Standard: "Londoners need £57,000 to get on housing ladder"

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"Struggling young buyers in London need a deposit of £57,175 to get a foothold on the property ladder, a report claimed today.

"The vast sum required to obtain a mortgage on a typical first-time property is more than twice the £27,537 average for the country as a whole, according to the Halifax’s Generation Rent report."