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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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30 May 2014
Housing Associations To Receive Share Of £208m In Loans
Thirteen housing associations will receive a share of £208 million in loans to deliver 4,800 new affordable homes. Communities across the country are set to benefit from thousands of new affordable homes under a multi-million pound deal announced by Housing Minister Kris Hopkins.
Housing Associations To Receive Share Of £208m In Loans
Thirteen housing associations will receive a share of £208 million in loans to deliver 4,800 new affordable homes. Communities across the country are set to benefit from thousands of new affordable homes under a multi-million pound deal announced by Housing Minister Kris Hopkins.
15 August 2013
Housebuilding Market On The Rise
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.
Housebuilding Market On The Rise
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.
22 June 2009
Lack Of Affordable Housing Fuelling Mass Closures, Campaign Groups Warn
Up to 650 country pubs and 400 village shops will close over the next 12 months - as traditional village life in Britain is plunged into terminal decline by a chronic shortage of affordable housing, according to a coalition of leading campaign groups.
Lack Of Affordable Housing Fuelling Mass Closures, Campaign Groups Warn
Up to 650 country pubs and 400 village shops will close over the next 12 months - as traditional village life in Britain is plunged into terminal decline by a chronic shortage of affordable housing, according to a coalition of leading campaign groups.
10 July 2009
Scotland's Affordable Homes Hit 50 Year Low
Scotland has fewer social rented homes than it had 50 years ago, according to a report published today by housing and homelessness charity, Shelter Scotland.
Scotland's Affordable Homes Hit 50 Year Low
Scotland has fewer social rented homes than it had 50 years ago, according to a report published today by housing and homelessness charity, Shelter Scotland.
30 September 2003
Affordable homes plan for south east unveiled
Plans to build 1,600 affordable homes on surplus public land in south east and east England will include housing for at least 850 key workers, the government has announced.
Affordable homes plan for south east unveiled
Plans to build 1,600 affordable homes on surplus public land in south east and east England will include housing for at least 850 key workers, the government has announced.
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