Two-thirds of London homes 'earn more than a nurse'
Soaring London house prices mean two-thirds of homes in the capital have 'earned' more than the average salary of a nurse in a year.A new analysis by the National Housing Federation (NHF) reveals that properties in 20 of London's 33 boroughs have risen by more than £35,316 in just one year, making more money than a nurse on an average full-time salary.Thousands of London workers have to use the private rented sector as a result of the affordability problem - but average rents have surged by 14 per cent, the equivalent of £182 per month, in two years.A YouGov poll conducted on behalf of the NHF revealed that 70 per cent of private renters aspire to own a home, meaning thousands of core workers are being prevented from realising their ambitions.The analysis also shows that homes in nearly two-thirds of London boroughs also 'earned' more than a London secondary school teacher (£37,790).In over half of London boroughs, property prices increased at a faster rate than the average salary of a police officer (£45,653) or a paramedic (£40,922).Property values in two of the capital's prestigious locations, Kensington and Chelsea, and Westminster, rose at a faster rate than the prime minister's annual salary of £142,000 in just 12 months.In nearly a third of boroughs, houses 'earned' more than London solicitors, who take home £70,840 on average.David Orr, chief executive of the NHF, said: "Only Londoners earning over £100,000 can now afford to buy a home here. "The fact that even well-paid professionals in the city can't afford to buy a home and in many cases even struggle to pay their rent, should send alarm bells ringing."With the shortage of affordable homes in the capital continuing to push up prices, the NHF has called on the government to formulate a long-term plan that will end the housing crisis within a generation.
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