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EBay stores adjust  Sheree Kamoski has logged on to a new career helping people sell unwanted items online through eBay.via

April 19th, 2007

New buyers face housing ‘tightrope’

“These figures show the gulf between those who can afford to buy and those who can’t is widening at an alarming rate. For first-time buyers, the housing ladder is becoming a tightrope.”

First-time buyers find it almost twice as hard to get on the property ladder as they did a decade ago, a leading housing charity has said.

Shelter warned of spiralling repossessions and increased homelessness as a result of the struggle faced by families trying to find homes they can afford.

Its annual Affordability Index revealed that mortgage costs swallowed up more than 21% of average household income in 2006 compared to 11% in 1996.

The charity added that it is harder now for people to enter the property market than at any other time since the index began in 1994. Read more



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