Nearly a quarter of a million private renters have been
priced out of homeownership since the government announced its Help to Buy
scheme, the campaign group PricedOut has claimed. PricedOut said that while the
scheme had helped around 18,875 households to afford homes, it had caused a
frenzy in the housing market which had pushed prices out of reach of 245,000
more. The group, which campaigns for more affordable housing, used the English
Housing Survey's income profile of private renters, and the Office for National
Statistics' latest house price index, to work out how many people could afford
the average first home, based on the assumption that a home is affordable if it
is no more than four times household income. Read more on the Guardian website.
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