Providing homes in the East of England
The housing crisis in the East of England explained
2022/2023:
£989
Average monthly rent
£404,100
Average house price
5 x salary
For first time buyers
£92,367
income required for 80% mortgage
£36,036
Average earnings
31,661
Second homes
In England
17.5m
People are impacted by the housing crisis, living in overcrowded, dangerous, unstable or unaffordable housing
7/10
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 required each year to meet housing need
145,000
New, affordable homes for rent and shared ownership required each year to meet the housing need