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Worthing Council Gives Report On Housing

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I foud an excellent housing study done by the borough of Worthing (sussex). It is a fantastic report with no VI spin in which it tells that renting is a lot cheaper than buying in Worthing. It has data on:

* Rent cost is % of mortgage cost for similar place

* income needed to rent vs income needed to buy

* monthly outgoing cost rent vs mortage.

To buy an avarage 3 bedroom house in Worthing you need income of £62,982 and to rent you need income of £34,656. This is all of course within the lending criteria of 3.25 x income.

I wish everyone in Worthing would read this and that this would be known to people. Of course the local newspaper will not tell about this as they have vested Interests.

I think every council should do a study like this.

Housing Market Bulletin Q1 (April to June) 2005

:)

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what a pathetic council.

instead of already knowing there is a housing crisis from their 'grass roots'.

so they find out eventually and what do they do ?

do they build more emergency family accomodation.

do they pursue the government for guidance.

do they hold urgent planning meetings ?

what do they do? they spend thousands of poll tax pounds to produce a sappy report that simply comes to the conclusion that their regions housing is so unaffordable, its marginally cheaper to rent privately.

what a waste of space.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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