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Working but can't afford to buy?

Series: Joseph Rowntree Foundation Press Release ; (024) October 2004 (11)Publication details: 2004Subject(s): Summary: An updated study based on the 2002 report "Can work: can't buy", has revealed that affordability issues now affect the southwest England and not just London and the southeast. The study provides a range of analyses of the difficulties of working households aged 20 to 39 face in accessing home ownership in every area of England at the end of 2003. It is based on local prices for two and three bedroom dwellings. It found that access to home ownership is most problematic in London, where the ratio of average house price to household gross earned income is 4.69 to 1. In the southwest of England the ration is 4.66 to 1. Full details can be found at: http://www.jrf.org.uk/home.asp. http://www.jrf.org.uk/knowledge/findings/housing/0 24.asp
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News article London News article WB4038-13 (Browse shelf(Opens below)) 1 Available 127650-1001

An updated study based on the 2002 report "Can work: can't buy", has revealed that affordability issues now affect the southwest England and not just London and the southeast. The study provides a range of analyses of the difficulties of working households aged 20 to 39 face in accessing home ownership in every area of England at the end of 2003. It is based on local prices for two and three bedroom dwellings. It found that access to home ownership is most problematic in London, where the ratio of average house price to household gross earned income is 4.69 to 1. In the southwest of England the ration is 4.66 to 1. Full details can be found at: http://www.jrf.org.uk/home.asp. http://www.jrf.org.uk/knowledge/findings/housing/0 24.asp