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NEC BIRMINGHAM   08-10 OCTOBER 2019

Date & Time

Tuesday, 09 Oct

11:00 - 11:45

Location

Regeneration Hub sponsored by Easy-Trim

Hall 11

Description

With interest rates rising, demand on housing increasing and prices still high, affordable housing is an endangered species. So what should affordable mean? In the simplest of terms an affordable house should be 3 times the value of the average salary as this is how many lenders evaluate affordability. Taking London as an example the average house price is roughly 13 times the average London salary*. (Sources office of national statistics) So how can the government tackle this problem? Generational mortgages? Tax/Stamp duty breaks, rolling out shared ownership to include all market properties?

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