Construction UK Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
19/07/2012

UK Housing Third Least Affordable In Europe

Families in the UK are among the worst off in Europe when it comes to housing costs.

One in six people in the UK (16.5%) are overburdened by housing costs, according to findings published by the European Union.

This means they are spending more than 40% of their income on costs such as rent, mortgage payments and other living costs associated with their home.

The UK has three times as many people weighed down by housing costs than nearest neighbours France, where only 5.2% report they are overburdened.

Housing in the UK is so unaffordable that out of 29 EU countries analysed, only Denmark and Greece reported being worse off, placing the UK third from bottom for affordable housing costs.

-- Advertisement --
hss

Campbell Robb, Shelter's Chief Executive said: "These figures are the evidence that the UK housing market is deeply dysfunctional'.

"With so many families spending huge amounts of their income on their rent or mortgage, people will be making daily trade-offs between food bills, filling the car tank with petrol, and paying their housing costs.

"And this is not set to get better any time soon. While the situation is bleak at the moment, a succession of governments failing to provide much needed affordable homes means that the future facing our children and our children's children is only set to get worse.

"Housing is the largest monthly cost for most people, yet the affordability of housing is not getting the same attention as the monthly costs of other essentials such as food or fuel. We believe all political parties must recognise solving our housing crisis is as fundamental as health and education."

(CD/GK)

Latest Construction News

03/12/2024

Birmingham Children's Hospital has celebrated a significant milestone in the construction of its new clinical building on Loveday Street with a topping-out ceremony. The event marked the completion of the building's steelwork framework. Attendees, including hospital staff, construction partners, ...
03/12/2024

A £6.8 million state-of-the-art Sherwood Observatory Planetarium & Science Centre in Sutton-in-Ashfield has opened its doors to the public. The project, delivered by G F Tomlinson through SCAPE, involved the transformation of a disused Victorian reservoir into a modern visitor attraction and ...
03/12/2024

Last Friday saw the National Access and Scaffolding Confederation (NASC) bring the scaffolding industry together at the ICC Belfast, to celebrate its high achievers. The Scaffolding Excellence Awards 2024 marked the culmination of the industry's first major conference and expo in Europe, Scaffex24, ...
03/12/2024

Barratt London and Places for London have exchanged contracts on a new development site in High Barnet. This is the second project unlocked by the West London Partnership, a collaboration established in June 2024 to deliver over 4,000 new homes across West London. The High Barnet development will ...
03/12/2024

Bellway Strategic Land has submitted a planning application to Durham County Council for a 149-home extension to the Seaham Garden Village development. The proposed development includes open space and wildlife improvements. Bellway conducted a public consultation process over the summer to gather ...
03/12/2024

The Chartered Institute of Building (CIOB) is set to launch its third global survey to investigate the mental health challenges faced by construction workers. The previous study, published in 2020, revealed alarming statistics, including: • 97% of construction workers experiencing high levels of ...
02/12/2024

Thames Water has awarded a £400 million framework to support its infrastructure upgrades over the next five years. The water company aims to address the challenges posed by ageing infrastructure and climate change. The framework will provide access to a range of professional services, including ...
02/12/2024

GRAHAM has been awarded a contract to design and build the first phase of the Cardiff Crossrail project. The ambitious project aims to transform Cardiff's transport infrastructure. As part of an early contractor involvement (ECI) deal, GRAHAM will work closely with Cardiff Council and Transport ...
02/12/2024

Watkin Jones has agreed to develop and deliver 295 new homes on behalf of Torus, the largest affordable housing provider in the North West of England, which will be partly funded by Homes England. The new scheme will result in the regeneration of an existing brownfield site, forming part of an ...
02/12/2024

Costain has been selected to provide programme management services to Thames Water as part of a new five-year framework. The contract will support the delivery of upgrades to the water company's infrastructure assets across the region. Thames Water anticipates a significant increase in its capital ...
Think Construction Skills Ltd.Lakeside HireBRICOFLOR UKT & D Glazing And Installation LimitedEfco UK LtdAqua Direct LtdStuart CanvasApex Engineering Services LtdChapmans Refrigeration LtdTrojan Paving
Terms and Conditions
2024/12/03 17:19:06