Nearly half the house-hunters across North Lincs cannot afford to buy or rent
Almost half the people looking to get a foot on the property ladder in North Lincolnshire find they cannot afford a home.
According to official figures just made public, 47% of new households are unable to afford to buy or rent on the open market
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Almost half the people looking to get a foot on the property ladder in North Lincolnshire find they cannot afford a home
The proportion of lower income households in this area is higher than the average for the rest of England
North Lincolnshire Council has made a strategic housing market assessment for 2012 - described as a comprehensive study of housing needs across the district.
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The fact many households struggle to be able to buy or rent a home is described as a key point in the report.
More than 1,500 questionnaires were completed by members of the public wishing to have their way on housing needs.
A minimum of 551 new homes are required for sale on the open market each year, while the number of "affordable" homes required for rent or sale below market cost has risen from 304 to 328 per year.
The council says the population of North Lincolnshire will continue to increase significantly over the next quarter-of-a-century.
Estimates of the number of new homes required by 2026 vary from 10,750 to 16,840 "dependent on economic growth."
North Lincolnshire Council is to form aworking group to analyse the findings of the housing market assessment and set out a plan for the future housing policy for the area.
Comments
by prokopchuk
Wednesday, October 24 2012, 4:47PM
“Quote " The proportion of low income households in the area is higher than the average for the rest of England, and the fact many households struggle to be able to buy or rent a home locally", which means that the ST photographer failed to catch anyone browsing the local estate agents windows. So they started scouring around England and were lucky to find a couple browsing the window of Webbers in the High Street, Taunton, Somerset, a round trip of 500 miles. How embarrassing for the local agencies that they have no properties priced that are affordable to us locals, and wonder why they have no interested buyers. R.I.P. local estate agents.”
by HarryWorth
Wednesday, October 24 2012, 1:25PM
“Get over to Barton and pick up a bargain now that Kimberly-Clark are closing.”
by HattyTood
Wednesday, October 24 2012, 11:29AM
“The media are overloaded with firms advertising how to reduce your debts - usually by lumping it all together into one loan and then paying it off over the next 10 years (with interest of course).
This in itself causes more problems when you're skint again after 2 years but still have those repayments . . . answer = do it again . . and again
result is you're worse off than ever and probably still paying for something you haven't had for a few years, it's worse than the 5k loan you wanted originally but couldn't get.
We live in the 'must have' age, where the latest technology is seen as a status symbol - no matter that the phone/ipad/TV you bought for £800 last month is still fine, there's a new one out now with an extra button and you REALLY need that one, and it's only £900
Only one winner, and it isn't you”
by JohnJohn2011
Wednesday, October 24 2012, 10:05AM
“Once again Hatty I agree totally with your comment. As well as the government policy been geared to creating cheap at the moment loans to buy overpriced houses for the plebs that ultimately makes money flow to the banks through charges and interest payments. It is also the fault of some of the plebs for not seeing through this con. The only way to reverse the trend is to have a maximum loan amount compared to earned wages. The problem with this modern world is the fact that people are able to borrow too much money, in some cases for the clothes on your back. I dread to think what is going to happen when interest rates start to go up. However who out there is going care about a person when they loose a family home, a person just becomes a statistic and the bank becomes and the other hangers on becomes the winner with greedy fees for whatever apparent service. The bank keeps the asset.”
by HattyTood
Wednesday, October 24 2012, 8:39AM
“I like that, I like it a lot.
An official body does a housing assessment and then releases the findings to the public . . . who have known about it for years.
Cheap affordable housing of the future will consist of tents and mud huts arranged like refugee camps - welcome to the future”