One in five households in England face unaffordable homes by 2030

Research by the National Housing Federation (NHF) shows that one in five households in England will have homes costing more than a third of their income, defined as unaffordable, by 2030. The NHF said that without a Government plan to solve the housing crisis an additional 55% of households (1.7m) will have unaffordable homes by the end of this decade. Analysis found the increase, to 4.8m households, includes 1.1m additional homeowners spending more than a third of their net income on mortgages, more than doubling from 800,000, and 600,000 additional households in unaffordable private rented homes. By 2030, 2.2m households will pay a third of their income to rent privately and 700,000 in social housing. Kate Henderson, chief executive of the federation, said: "Today's report shows that short-term, piecemeal decisions on housing have created an emergency that will continue escalating at a rapid rate but this is a crisis that can be solved. By committing to a long-term plan for housing that is properly funded and based on ambitious, measurable outcomes, politicians of all parties could begin to turn the tide." 

The Times (11/09/2023)