Private landlords in London can expect demand from key public sector workers to remain strong, a new report has suggested.

Research by Halifax found that despite the dramatic fall in residential property values in recent months, teachers, paramedics, nurses, firefighters and police officers can still not afford to buy a home in the capital.

The bank concluded that Camden, Wandsworth, Fulham and Hammersmith, Westminster, and Kensington and Chelsea were among the least affordable places in the UK for key workers.

East Anglia, the south-east and the south-west were found to be similarly unaffordable.

The decline in property values in the past 12 months - estimated at 17.7 per cent in the most recent Halifax House Price Index - may have more impact on demand for accommodation owned by private landlords in other parts of the country.

Halifax's figures show that key workers can now afford to get on to the property ladder in 21 per cent of UK towns, compared with just three per cent in quarter three of 2007.

Yorkshire and the Humber was named as the region where the public sector workers are most likely to be able to buy, while Grangemouth was identified as the most affordable town.

Written by Mark GarnerADNFCR-2002-ID-19185466-ADNFCR

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