Providing homes in the East of England
The housing crisis in the East of England explained
2022/2023:
£695
Average monthly rent
£240,000
Average house price
10.5x salary
For first time buyers
£76,916
income required for 80% mortgage
£23,000
Average earnings
30,825
Second homes
In England
17.5m
People are impacted by the housing crisis, living in overcrowded, dangerous, unstable or unaffordable housing
6/10
Councils find it hard to access social tenancies for homeless people
10m
People are living in poor quality homes
1930
Is the last time enough homes were built
90,000
New social rented homes each year to meet housing need
145,000
New homes needed each year to meet the housing need