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| Name | Why it's so hard to buy a home in London |
| Video Uploader | Video From CNBC International |
| Upload Date | This Video Uploaded At 11-04-2022 09:04:26 |
| Video Discription | The number of 20- to 34-year-olds living with their parents in the United Kingdom has risen by 49% since the turn of the century, data from the country’s Office of National Statistics shows. Rising house prices, high rents and low salaries are to blame, according to Michael Edwards, a University College London lecturer and expert on the relationship between property markets and planning. He said those factors prevent young people from getting on the London property ladder. “The housing system in London is pretty disastrous,” Edwards told CNBC. “For at least half the population, they are paying through the nose, very high prices for rent, or to save up to get enough deposit together to get a mortgage to buy.” So why are London houses so expensive? Watch our video to learn more. #CNBC #London #FirstTimeBuyer #Housing #LondonHousing ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi [mai7N8wkrZE] |
| Category | News & Politics |
| Tags | CNBC | CNBC International | cost of living in London | cost of living crisis | houses in London | London house for sale | how to buy a house | buy to let UK 2021 | buy to let mortgages | buy to let first time buyer | buy to let UK 2022 | buy to let mortgage | real estate video | real estate investing | real estate London | London House Crisis | London house prices | real estate uk | why is london so expensive | london property | housing market | why london is so expensive | london apartment |
