HOUSING: First-time buyers to be frozen out? - 2004-03-31
First-time buyers in Peterborough could be priced out of the property market after it was declared that house prices are expected to rise by 14 per cent in 2004.
Cllr Holdich, the cabinet member for housing, said: "We estimate that currently 90 per cent of council tenants earn less than £15,000 a year.
"This shows it's virtually impossible for people in council homes to get on the mortgage ladder."
Read the full story at The Evening Telegraph