Tuesday, 8 April 2014

East Midlands Housing Crisis Reaches Breaking Point

The East Midlands was one of the English regions with the lowest number of new homes built during 2012/13, and less than half (49%) of the new homes needed each year are currently being built. This is adding to the chronic housing shortage across the East Midlands, and is pushing house prices and private rents beyond the reach of ordinary people, as local salaries remain comparatively low.
·         Across the East Midlands, 18,753 new households are expected to form each year between 2013 and 2021, but less than half the new homes needed are being built each year
·         The East Midlands is set to see the second largest rise in private rents of any English region by 2020
·         The average house price in the region is expected to rise by more than 25% by 2020
·         The East Midlands has seen a 93% increase in working people claiming housing benefit since 2009.

Read more on the NHF website.

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