Four families out of every ten cannot afford to buy even the cheapest properties in Essex, a survey has revealed.
The in-depth report by Prof Steve Wilcox of the University of York compared the asking prices of modest four and five bedroom homes with the income of young working households.
In Essex 39.2 per cent of families with two working adults could not reach the asking price for cheaper properties.
Prof Wilcox said: "These figures provide startling evidence of how the housing affordability crisis affects young people and key workers in a swathe of eastern England.
"The house boom along the M11 corridor means that most modest properties are often beyond the reach of working households."
Published Wednesday, June 4, 2003
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