First-time buyers struggle as London property prices soar
" Only in “lunatic London” could someone with a budget of £500,000 be outbid on a succession of properties for which rival buyers were prepared to pay tens of thousands of pounds above the asking prices.
Clare Duffy, above, was unable to buy even an ex-council house in Peckham, a neighbourhood made famous by the Eighties sitcom Only Fools and Horses.
The housing market in London is at “fever pitch”, according to some commentators, who fear that possible overheating in the capital could spill into other regions, resulting in an end to Help to Buy and other schemes that aim to boost lending and home ownership.
House price growth is only just being registered in some parts of Britain while London recorded double-digit price rises last year, with prices apparently continuing to rocket in 2014. "
First-time buyers struggle as London property prices soar - Telegraph
" Only in “lunatic London” could someone with a budget of £500,000 be outbid on a succession of properties for which rival buyers were prepared to pay tens of thousands of pounds above the asking prices.
Clare Duffy, above, was unable to buy even an ex-council house in Peckham, a neighbourhood made famous by the Eighties sitcom Only Fools and Horses.
The housing market in London is at “fever pitch”, according to some commentators, who fear that possible overheating in the capital could spill into other regions, resulting in an end to Help to Buy and other schemes that aim to boost lending and home ownership.
House price growth is only just being registered in some parts of Britain while London recorded double-digit price rises last year, with prices apparently continuing to rocket in 2014. "
First-time buyers struggle as London property prices soar - Telegraph
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