Analysis from the Local Government Association (LGA)
reveals that in 2000 the average house price was 3.96 times the average income,
whereas last year it was 7.72 times the average wage. The LGA is calling for an
urgent investment in house-building and infrastructure, to deliver the
genuinely affordable homes the country needs. Councils approve nine in 10
planning applications but restrictions on their ability to borrow to invest in
new housing are holding them back, and the LGA is calling for these to be
lifted. The last time the country built the amount of homes a year it needs, in
the 1970s, 40 per cent of new homes were built by local authorities. Last year,
councils lost more homes through the Right to Buy scheme than were started in
the last five years. Read more on the LGA website.
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