Housing Crisis Most Acute in Nation’s Biggest Cities

The Core Cities Home Truths report explored key housing metrics in the Core Cities, finding that if core cities urban areas economically performed at the national average, they would generate an extra £222bn in Gross Value Added and 1.16 million jobs by 2030. The report also demonstrates the severity of the housing crisis in urban areas outside the capital. Despite delivering 11% of England’s economic output and being home to three in 10 people, wages in the English core cities are well below the national average. It’s no surprise then that core cities have seen homeownership flat-line over the last decade, currently hovering at more than ten percentage points below the national average with more families languishing in short-term lets, and more than one in five city-dwellers now renting privately. Read more on the NHF website.