Summary
House prices in London may have fallen for the first time in a year last month, but the 0.1 per cent drop is little consolation for the army of teachers, nurses and police struggling to get on the property ladder.
While City bonuses have soared, the pay of public-sector staff has failed to keep pace with rising property values. At 394,268, the average price of a home in the capital is 12 times the average teachers salary, 15 times that of a nurse and 17 times a paramedics annual pay.See the full content of this document
Extract
Homes That Key Workers Canafford
And the cash available to help key workers buy a home has been cut. In last months Housing Green Paper, the Government abandoned a scheme to give high-flying teachers a 100,000 grant towards a new home, capping the figure at 50,000. Another scheme,...
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