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Evening Standard
Evening Standard
Politics
Nicholas Cecil

Low income families 'must save for 35 years to buy average London home', official figures show

The ONS looked at affordability in home ownership (Victoria Jones/PA) - (PA Archive)

An average-priced home in London cost the equivalent of almost 35 years of disposable income for a low-earnings household, official figures reveal.

The average house price in the capital was £530,000 in 2022/23, according to the Office for National Statistics.

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