11 Mar

Property affordability 'at its highest since 2003'

Property affordability 'at its highest since 2003'

People seeking to invest in real estate such as apartments to rent in Dorset can secure property at its most affordable price since 2003.

This is according to new figures from Zoopla.co.uk, which show that the average worker can now afford 58 per cent of homes in the UK.

The firm noted that this is an increase on the 34 per cent recorded in 2007.

However, responding to the statistics, Katy John, spokesperson for PricedOut.org.uk, said that the government needs to do more to help first-time buyers get on to the housing ladder.

She commented: "Whichever government gets into power at the next election needs to do more to increase housing affordability for first-time buyers."

The expert went on to cite a number of factors which she said would help in this regard.

Among them was an emphasis on sensible lending policies and the increase of home building around the country.
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