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Affordability matters [electronic resource]

By: Language: English Publication details: London DCLG 2007Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Introduces the National Housing and Planning Advise Unit (NHPAU). Describes the problems of housing unaffordability in the UK. Its effects are worst in the South East, and upon first-time buyers. Affects on the property market include rising deposits, mortgage payments taking increased amounts of buyers? incomes, and increases in average earnings to loan multiples. Describes negative social and economic consequences of these factors. Market indications are against a price crash, and point to demand continuing to increase. The NHPAU will initially focus upon contributing advice on market affordability, developing an affordability toolkit, and the development of a new programme of research.

Introduces the National Housing and Planning Advise Unit (NHPAU). Describes the problems of housing unaffordability in the UK. Its effects are worst in the South East, and upon first-time buyers. Affects on the property market include rising deposits, mortgage payments taking increased amounts of buyers? incomes, and increases in average earnings to loan multiples. Describes negative social and economic consequences of these factors. Market indications are against a price crash, and point to demand continuing to increase. The NHPAU will initially focus upon contributing advice on market affordability, developing an affordability toolkit, and the development of a new programme of research.