Adur, West & East Worthing Party including East Arun

Home ownership is further away than ever

Average house prices in the UK increased by 8.4 per cent in the year to August 2016.  The average UK house price was £219,000 in August, £17,000 higher than a year earlier.

Government statistics suggest Adur needs to deliver 6,800 homes by 2032. A shortage of space means Adur District Council has identified enough land for just 3,600 and neighbouring councils will be called on to help meet demand.

Worthing needs 685 homes to be built each year if we are to achieve the total required based on forecasts in population. Due to the lack of pre – used land and only having three sides to expand upon, we will achieve only 40% of our need. Even if we build on every postage stamp size piece of land we are only able to supply 346 homes per year. Therefore we need to be creative about increasing our home potential.

 

Commenting on the news, Liberal Democrat leader Tim Farron said: “We are now seeing the end of the truly affordable family home in vast swathes of Britain. The Government is allowing the housing market to spiral out of control and it is kicking the ladder of aspiration away from millions of people. “Renters are looking at spending years before they can scrape together a deposit for a home to call their own. It is time to build the homes that Britain needs and to stop the recycled press releases and reheated funding announcements. We need to get Britain building.

“The government should start building garden cities and villages, bringing empty homes back into use, and create a Government-backed housing investment bank to bring us up the 300,000 homes a year we need.”

Read more about Adur & Worthing’s housing time bomb here.