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The gap between average income and average housing prices changed between 1985 and 2015 from twice an average salary to up to six times average income. Median house prices in London the median house now cost up to 12 times the median London salary. In 1995, the median house price was £83,000, 4.4 times the median income.
The lack of affordable housing is one of the most critical issues facing rural communities in the UK. [citation needed] This results in people have to move away to find affordable housing, which means that families are separated by distance and are less able to support each other by providing childcare or to do shopping for elderly relatives.
The consequence of this is seen in the high price for top-end dwellings. The most expensive home ever sold in the UK was 2–8a Rutland Gate, Hyde Park, which sold for £280 million in 2015. [61] The most expensive street in the UK is Kensington Palace Gardens, London, where the average price of a home is approximately £42 million. [62]
You can also send story ideas to northwest.newsonline@bbc.co.uk and via Whatsapp to 0808 100 2230. More on this story Council's housing waiting list time up to 12 years
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
Homes England is the non-departmental public body that funds new affordable housing in England. It was founded on 1 January 2018 to replace the Homes and Communities Agency ( HCA ). HCA in turn was established by the Housing and Regeneration Act 2008 as one of the successor bodies to the Housing Corporation , and became operational on 1 ...
The Right to Buy scheme is a policy in the United Kingdom, with the exception of Scotland since 1 August 2016 and Wales from 26 January 2019, which gives secure tenants of councils and some housing associations the legal right to buy, at a large discount, the council house they are living in. [1] [2] [3] There is also a Right to Acquire for assured tenants of housing association dwellings ...
Public housing became needed to provide "homes fit for heroes" in 1919, [4] [5] then to enable slum clearance.Standards were set to ensure high-quality homes. Aneurin Bevan, a Labour politician, passionately believed that council houses should be provided for all, while the Conservative politician Harold Macmillan saw council housing "as a stepping stone to home ownership". [6]
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