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Tuesday, 16th September 2014

UK: Broken Market, Broken Dreams

Source: National Housing Federation (UK)

From Press Release:

Key findings:

The average first-time buyer today needs a £30,000 deposit, almost ten times the deposit required in the early 1980s.

First-time buyers have an average income of £36,500, compared to the average salary for first-time buyers in the 1980s of £20,000.

A first-time buyer has to borrow 3.4 times their annual income on average, compared to first time buyers in 1979 who needed to borrow just 1.7 times their income.

Two thirds of first-time buyers receive financial help from parents – a figure that has doubled in five years.

+ Press Release, Full Report and Executive Summary from this page (PDF 2.3 MB and 421 KB)


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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

More articles by Adrian Janes »



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