Almost 100,000 households in England are being priced out of the property market each year because of a shortage of affordable homes to rent or buy, according to a report by property agent Savills.
The report, shared with The Guardian, found the number of households priced out of the market had risen from its previous projection in 2015 of 70,000 a year. This was in part because of a change in how housing need is assessed, but also due to rising prices and stagnant wage growth.
On…
Source : South China Morning Post
Read more…Property becoming unaffordable for 100,000 households every year in England
