Date: 7 months ago   Category: People

Has ceased to be enough for the British for housing


About two thirds of Londoners aged from 25 up to 34 years aren't able to buy housing, follows from the report of Institute of the budgetary researches from which excerpts are given by Bloomberg. According to authors, representatives of generation of millenials aren't able to afford the house or the apartment even at an initial contribution to 10 percent and the credit sum of the size of 4,5 annual salaries. 20 years ago such conditions were on a shoulder to 90 percent of young Londoners. Countrywide the percent of the inhabitants having enough own funds for purchase of housing equals 60 against 90 (20 years ago). During this time real estate prices have grown by 173 percent while the income of youth — only on 19. The share of owners of own housing has also decreased from 55 to 35 percent. In the capital this indicator the lowest over the country — 25 percent, are told in a research. Authors see a way out in construction of new housing which will lead to increase in the offer, so and to reduction of prices. The government has corresponding plans: the prime minister Theresa May spoke earlier about intention to build 300 thousand houses annually, and the Minister of Finance Philipp Hammond promised tax benefits for the lessors ready to hand over the real estate for long terms. It is more than important news in Film of Day Telegram-channel. Subscribe!

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