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Monday, 22 October 2012

Grim picture for private renters in Herts time to cap rents now!

With the ever deepening housing crisis in Britain and with no political party prepared to do anything about the private sector which they bend over backwards to please. There is very little hope for young people today ever owning a property or being able to afford a rent. In Herts and Essex recent figures out are staggering. PRIVATE rents in Herts and Essex are set to see some of the steepest increases nationwide in the next decade, rising faster than property prices according to a new report from the National Housing Federation. The organization says years of not building enough homes will push charges in the East of England up by nearly two thirds (64 per cent) in just 10 years, compared to a 59 per cent rise nationwide. In Herts, this would mean rents rising from £902 per month to £1,478 per month – an extra £577 every month. Meanwhile, house prices in the East will rise 52 per cent, compared to 50 per cent nationwide. The picture is already bleak for the county’s renters: average rents in seven out of 10 districts – including East Herts - rose faster than incomes in 2012. Across the county, average private rents rose by four per cent while incomes actually dropped by two per cent. Three Rivers was hardest hit, with rents rising six per cent while incomes dropped 10 per cent, but in East Herts, rents rose from £839 in January, 2011 to £865 in Jan 2012, up three per cent while incomes dropped an average of six per cent. The NHF predicts monthly rents will hit £1,419 in 2022. In Essex rents are set to rise from £773 per month to £1,267 per month in the next decade. In Uttlesford costs have jumped from £832 in January last year to £834 this year – a hike of 0.3 per cent and monthly charges are estimated to hit £1,368 by 2022. Claire Astbury, East of England lead manager for the National Housing Federation, said it was crunch time for Herts and Essex’s “unsustainable housing market”, She said: “One in 16 East of England families is currently on the waiting list for social housing and it looks like the situation is going to get far worse. “Successive governments have failed to tackle the under-supply of housing. Now time is running out to fix the problem and a whole generation are at risk of being priced out of renting a home, let alone buying one. “Being unable to afford the homes they need can stop people from moving for work. It also prevents young couples from starting families, having a huge impact on people’s aspirations and ultimately affecting the economy. “Even working families are becoming more and more reliant on housing benefit to help pay their private rent. It’s clear that the chronic undersupply of new homes … needs to be tackled now, to ease the financial pressure for families and Government.” With extracts taken from http://www.hertfordshiremercury.co.uk/Homes-and-Gardens/Property/Rent-rise-gloom-for-Herts-and-Essex-families-19102012.htm According to the National Housing Federation there has been an 86% rise in employed people claiming housing benefit over the last 3 years- 417,830 more since 2009 Its time rent caps were introduced and properly enforced to make sure rents are always affordable to working class people. With a 37% increase in rents over the last 5 years. The Main cause is housing shortage. The case for massive council house building now is overwhelming

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