£85 Million New Initiative For Affordable Housing, Launched by Orchard & Shipman finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
By Paul Finch2021-07-01T00:00:00+01:00
Guess which London borough we are talking about. “The largest number of units delivered in any one year (357) equates to 25% of the annual average needed.
Given that performance, and the scale of the shortfall, there is little prospect that the rate of delivery of affordable homes will improve significantly in the short to medium term.
“Alongside that poor level of delivery, affordability in the borough has been getting worse. Lower-quartile private rental rates have increased to almost double the national average, average house prices are 12 times average incomes and the median house price ratio to incomes has increased by 59% since 2011.
Coronavirus travel: Now air passengers can book cut-price seats on shared private jets dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.