London house prices putting back parenthood

One in four people in the capital aged between 31 and 44 are putting off having children because of the chronic lack of affordable housing, according to new figures.

A YouGov survey of 5 379 adults, commissioned by Shelter, indicated that 23% of people in that age bracket in London said their dreams of parenthood had been put on hold for this reason. Across the country, this figure dropped to 20%.

Shocking

In London, average house prices are more than eight times greater than the average income. Homeless charity Shelter said that the spiralling costs of homes in the capital, coupled with the large deposits required by lenders, meant that an increasing number of Londoners were unable to purchase a property.

Kay Boycott, director of communications of policy and campaigns at Shelter, said that it was, ‘heartbreaking,’ that a vast number of people living in London were forced to put their, ‘lives on hold.’[1]

Boycott continued by saying, ‘particularly in London, more and more couples are finding that despite working hard and saving hard, they’re still priced out of a stable and affordable home. Instead they’re trapped in rented housing where landlord can evict them or raise the rent at any time and we know that many simply don’t think this is a suitable place to raise a family.’[1]

London house prices putting back parenthood

London house prices putting back parenthood

Meanwhile, Netmums founder Sally Russell said that they fact that some people were delaying parenthood because of a shortage of housing was, ‘simply shocking.’[1]

Increases

Just last week, in a report for the Government, Sir Adrian Montague proposed a number of recommendations for speeding up the timeframe for building privately rented accommodation.

However, David Orr, chief executive of the National Housing Federation, stated that, ‘we are not building nearly enough new homes,’ and said that Sir Montague’s suggestions were not enough to solve the housing problem.

[1] https://www.bbc.co.uk/news/uk-england-london-19395723

 

 

©2017 Just Landlords

Log in with your credentials

Forgot your details?