25/06/2014
No Affordable Houses For Average Families In England
Over 80% of properties for sale in England are unaffordable for the average working family, according to Shelter.
More than half of the country, fewer than one in ten suitable homes on the market were affordable for a typical family, even assuming they were able to save the average deposit for a first time buyer.
For those hoping to buy with smaller deposits the situation is even worse with 88% of homes for sale in England unaffordable for families with a 95% loan.
The research paints an alarming picture of England’s affordability black spots. In 83 local authority areas, which accounts for over a quarter of the country, there were fewer than 10 affordable homes for sale. These areas included Cambridge where there were only three affordable homes for sale, and Brighton and Hove where there was just one. Alarmingly, in 14 local authority areas, including Ealing, Lewisham and Slough, there were no affordable homes for sale at all.
Campbell Robb, chief executive of Shelter, said: "When a family looking to buy their first home searches a whole town for a place to live and finds nothing they can afford, it's clear we're not just facing a housing shortage any more: it’s a full-blown drought."
The shortage of affordable homes isn't confined to London and the South East. In Exeter only 1% of homes on the market were affordable for the typical family while in South Lakeland in the North West only 4% were affordable.
(CVS/CD)
More than half of the country, fewer than one in ten suitable homes on the market were affordable for a typical family, even assuming they were able to save the average deposit for a first time buyer.
For those hoping to buy with smaller deposits the situation is even worse with 88% of homes for sale in England unaffordable for families with a 95% loan.
The research paints an alarming picture of England’s affordability black spots. In 83 local authority areas, which accounts for over a quarter of the country, there were fewer than 10 affordable homes for sale. These areas included Cambridge where there were only three affordable homes for sale, and Brighton and Hove where there was just one. Alarmingly, in 14 local authority areas, including Ealing, Lewisham and Slough, there were no affordable homes for sale at all.
Campbell Robb, chief executive of Shelter, said: "When a family looking to buy their first home searches a whole town for a place to live and finds nothing they can afford, it's clear we're not just facing a housing shortage any more: it’s a full-blown drought."
The shortage of affordable homes isn't confined to London and the South East. In Exeter only 1% of homes on the market were affordable for the typical family while in South Lakeland in the North West only 4% were affordable.
(CVS/CD)
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15 August 2013
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New figures released by the government show the housebuilding market has begun to show signs of recovery. The latest housebuilding start figures show there were 29,510 new homes started between April and June this year. This was 6% higher than the previous quarter and a third higher than the same time last year.
17 May 2006
Rural housing crisis can be solved, says report
Rural communities need a major increase in subsidised housing, if the next generation is not to be priced out of the countryside, according to the independent Affordable Rural Housing Commission in its report to Government launched today. The report sets out practical actions that should be taken if this affordable housing is to be built.
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22 June 2009
Lack Of Affordable Housing Fuelling Mass Closures, Campaign Groups Warn
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Lack Of Affordable Housing Fuelling Mass Closures, Campaign Groups Warn
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Record Levels Of Car Registrations In September
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.