Research by the thinktank Resolution Foundation shows low-income households with an average of £15,800 at their disposal are walking an increasingly precarious financial tightrope. It has found that 24per cent of low-wage households spend more than a quarter of their monthly income on debtRead More →
Housing minister Margaret Beckett has sparked a row after claiming there are signs of an ‘upturn’ in the property market, and saying the government was already worried about the next housing boom. Ms Beckett said in an interview with the Sunday Times that some estate agents had noticed signsRead More →
However, Westminster CC has revealed plans to embark on the biggest council house building programme for a generation in May. During the next four years the council will build almost 500 homes on brownfield and under-used sites on existing estates to help ease overcrowding and homelessness. The scheme willRead More →
Research from the Office for National Statistics shows that almost one in five graduates in their late twenties now live with their parents. By contrast, only one in eight university graduates had failed to fly the nest by the same age 20 years ago. Read More →
Mortgage lending continued to slump in February, with gross lending down by 60 per cent in year-on-year figures and 15 per cent down from the previous month, according to figures from the Council of Mortgage Lenders. The CML said its members’ ability to lend was drying up because saversRead More →
Housing associations are to stop building mixed estates of privately owned and social rented homes because of the credit crunch, leading to fears of a return to ‘council ghettos’ says The Times. Bob Kerslake, head of Homes and Community Agency (HCA) said that during the past 20 years housingRead More →
The Bank of England has kept interest rates on hold at 5 per cent. It has forecast that inflation will peak at 5 per cent by the end of the year, before falling sharply. Even as the government was touting its £300 million shared equity scheme yesterday, the WelshRead More →
The Office for National Statistics (ONS) revised its population projections yesterday. The population in Britain is set to pass 70 million within 25 years, or a net increase of 400,000 a year. The rise has been put down to an increase in family size, greater life expectancy, and higher-than-expectedRead More →
London’s most run down housing estates are set to receive more than £100 million of funding. Around £77 million in funding has been promised to kick start a programme of estate and area regeneration that’s currently ‘stalled’ by the credit crisis, while a further £55 million will be investedRead More →