Lack Of Affordable Homes Will Exclude 350,000 From Housing Market By 2020

At least 350,000 households will be excluded from the housing market by 2020 because of a lack of affordable homes to rent or buy, according to a new report. The figures, which were published as property website Rightmove reported the smallest November slowdown in asking prices in four years, underline how the rising cost of all private sector housing is locking out those on low and middle incomes. Analysis by property firm Savills shows that, over the next five years, 70,000 new households a year will be unable to afford to rent or buy homes at a market rate unless assisted in some way. This means that 350,000 will need some form of housing priced at below market rate by 2020, the firm said. Read more on the Guardian website.