11:21 AM, 23rd October 2015, About 7 years ago 1
Shelter have commissioned a YouGov poll of 3800 private tenants which has shown that 48% that would like to purchase a property are unable to save anything towards a deposit. Throughout the whole country this is the the equivalent of 3.2 million people and a further 25% of tenants can only save £100 or less per month.
Campbell Robb, Shelter chief executive said “when the average deposit for a so-called affordable Starter Home is £40,000 and half of renters can’t save a penny towards this each month, generation rent aren’t going to become generation buy any time soon.
Behind these figures are millions of young people and families on ordinary incomes who are struggling to cope with sky high housing costs and the instability of private renting.
George Osborne needs to start paying attention to all those bearing the brunt of our housing crisis, by investing in building homes they can actually afford to rent or buy.”
Shelter is calling on the government to tackle the root causes of the housing crisis and to invest in building genuinely affordable homes.
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