9 out of 10 London families can’t afford to buy a home

90% of couples under 40 with children in London can’t afford to get on the housing ladder. Analysis by the National Housing and Planning Advice Unit found that as an average figure across the capital only 10% of young families could afford to buy a suitable home. The figure drops to 5% in some areas including Camden, Hammersmith and Islington. Only in the wealthier boroughs of Richmond, Redbridge, Merton and Bromley can more than 20% of young families afford to buy a home. The figure of 10% in London compares with 21.4% in the South West and 23.8% for the South East.