LOW-INCOME EARNERS ARE LEFT WITH FEWER AFFORDABLE HOUSING OPTIONS
- 31 Mar
New analysis by the National Housing Federation (NHF) shows how house prices in England more than doubled between 2002 and 2016.
According to the NHF report:
- House prices have become hugely disproportionate to earnings of England especially to low-income earners
- In the whole of England, it is only in Burnley that a low-income worker, like a nursery nurse, afford a mortgage without spending over five times their yearly income
- Elementary workers, caring/leisure workers and customer service workers are identified as those whose experience of the housing market is without choice and make up between 20%-30% of regional labour markets nationwide
- Care, leisure and other service occupations have a full-time median earning of £17,665 yearly
- Sales and customer services occupations have theirs as £18,262
- £18,462 is the full-time median earnings for elementary occupations
- Rent takes up over 50% of low-income workers' pay in London with the average home costing over 20 times the average salary of a cleaner or hospital porter and a postal worker working in the capital
- In all regions, low-income workers pay over 30% of their incomes to rent privately
Chief executive at the National Housing Federation, David Orr, said:
"Low-income workers are left with fewer affordable options than ever, though their jobs are absolutely critical to local economies.
"...Housing associations are in a unique position to step up and deliver the types of homes which the nation, and low-incomes workers, need most."
What do you think?
Please tweet comments @suppsolutions.
For more details, visit 24 Housing.
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