FTBs out of range - papers 24 August

The Royal Institute of Chartered Surveyors says this means buyers must save for an average of 7.4 years, and the sum is equivalent to 74% of the average combined income in the country. The Times says ten years ago it would only have taken an average of 2.5 years to save up for the then average deposit of £6,525 – equivalent to 25% of the average combined salary. RICS states the levels of accessibility are now the worst in two decades, and if further high price rises are to be avoided the government must “promote a significant increase in housing stock.” THE SCOTSMAN follows with ano...