English Housing Survey a stark reminder of our national housing crisis says CIH
Commenting on the English Housing Survey 2015-16, released today by the Department for Communities and Local Government, Chartered Institute of Housing head of practice Debbie Larner said: "Today’s English Housing Survey is a stark reminder of our national housing crisis. Affordable housing is increasingly out of reach for millions of people all over the country.
"Private renters are spending more than a third of their income on rent – a proportion which rises to 45 per cent in London. Meanwhile the average age of first-time buyers continues to rise – one in five was aged between 35 and 44 in 2015-16, up from 16 per cent in 2005-06. Two thirds of first-time buyers were in the two highest income bands in 2015-16, while the proportion in the highest income band has jumped from 24 per cent in 1995-96 to 33 per cent two decades later. Almost 30 per cent had help from friends and family with their deposit, up from 22 per cent in 1995-96.
"Making housing more affordable means building more homes of all types – for ownership, shared ownership, private rent and social rent. But it’s not just about building more homes, it’s about building more affordable homes for people on lower incomes. We believe more investment is urgently needed in genuinely affordable homes to rent. One of the new government’s priorities should be rebalancing the housing budget – affordable housing currently accounts for just 16 per cent of total direct investment."