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Thursday, 28 May 2015

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Cumbria borough tops poll of affordable property

THE housing needs of people in what has been officially labelled the cheapest borough in the country for property must not be forgotten, it has been claimed.

Property ladder Houses in Millom. Copeland has been named the borough with the most affordable housing. Inset: Cllr Elaine Woodburn JON GRANGER REF: 50047198B004

Copeland has the most easily affordable housing in England, a report revealed yesterday.

The Trade Union Congress analysis takes into account residents’ salary as well as house prices.

The borough was named the last local authority in the country where the average house price is less than three times the average annual salary.

The ratio has been revealed as being about 2.87.

Copeland Borough Council leader Councillor Elaine Woodburn said she was pleased by the statistics but said the area suffers from inequality with some residents still “struggling” to get on to the property ladder.

Cllr Woodburn said: “It’s great that we have come out on top.

“However, we cannot let it distract from the fact we still have a number of people who are still struggling to get onto the ladder.

“The job is to try to increase the wages of other people. There is some inequality across the borough.

“It would be great to get others in that position.

“We have got new developments coming along in some areas, the nuclear build and the Haverigg windfarm if that goes through.

“They are creating jobs and that would have a benefit for the wider community.

“We’ve got to have a mixture of housing. They cannot all be executive accommodation, their has to be a range to suit everyone.”

Barrow was revealed as having the second most affordable homes with a ratio of 3.04.

TUC general secretary Frances O’Grady said: “We need an ambitious programme of home-building to get house prices back under control.

“At the same time, the growing number of people who have no hope or desire to buy a property any time soon but are still being clobbered by soaring rents need a better deal too.

“But housing affordability isn’t just about house prices – decent wages are just as important and there is a lot of ground to make up before we return to the kind of salaries that people were earning before the crash.”

Have your say

Are the locl estate agents keeping the prices low in order for people to get a mortgage?

If Millom house prices are kept low they will fall behind the rest of the country and people wanting to move out of the area for work ect will not have the capitol to buy elsewhere

Posted by P Griffiths on 13 September 2014 at 08:51

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