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    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.

    March 31, 2017 by Abimbola Duro-David Categories: Housing And Benefits

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