Wednesday, 27 November 2013

Families Priced Out as Number of Affordable Homes Drop By 26%

The number of affordable homes created in England plummeted by 26% in 2012-13, while the number of new homes in the social rented sector dropped by a third, according to official figures which underline the country's housing crisis. Although separate figures from CLG show a strong start to the government's Help to Buy scheme and an uplift in the number of new homes being started in the last quarter, housing campaigners said the fall in affordable homes spelled disaster for struggling families. A total of 42,830 affordable homes were provided during the year for rent and purchase, DCLG said, compared with 58,100 in the 2011-12 financial year. Of these 39,400 were newbuilds – a drop of 25% on the 52,830 built the previous year. Read more on the Guardian website.

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