Affordability still matters [electronic resource]

Affordability still matters [electronic resource] - Fareham NHPAU 2008

What does a cooling housing market mean for affordability?: House price growth has slowed in recent months -- Can we compare the current slowdown to the 1990s? -- The long-term trend in house prices Why does housing affordability still matter? -- Worsening affordability affects everyone -- Research findings A: The impact of worsening affordability on demand for social housing: tenure choice and household formation -- Worsening affordability has wider social and economic consequences -- Research findings B: UK Housing Wealth, 2005/06, Analysis of the British Household Panel Survey Fundamentals indicate that affordability will worsen in the long run: Demand from households -- Research findings C: Where have all the first time buyers gone? -- Income and earnings growth -- Interest rates -- Research findings D: Buy-to-let mortgage lending and the impact on UK house prices -- Housing supply Improving the long-term affordability prospects -- Our role looking forward -- Engagement with the Regional Spatial Strategy process -- Research -- Supporting our regional partners

Report sets out that despite current market conditions, housing affordability is still a matter of importance. Advice is linked to recent statistics, other NHPAU guidance and the NHPAU supply advice range. Suggests that key stakeholders need to be planning for the availability of appropriately priced housing for purchase when the current economic downturn is reversed in future.

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BARKER REVIEW OF HOUSING SUPPLY: SECURING OUR FUTURE HOUSING NEEDS
PLANNING POLICY STATEMENT 3
HOUSING FOR THE FUTURE: MORE AFFORDABLE, MORE SUSTAINABLE


England and Wales--1543-

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