Brighton & Hove Business Forum
8-11 Pavilion Buildings, Brighton, BN1 1EE
Tel: 01273 735442
© Brighton & Hove
News - 19 February 2010
Housing shortage costs Brighton & Hove Council over £69,000/week
Private landlords have been paid an average of £3.66m per annum over the past three years to house council tenants due to a shortage of about 11,000 homes needed to meet demand.
The total spent by the Brighton & Hove City Council on leasing property from the private sector has been £11.1m since April 2007 including a projected £4.1m spend to the end of the current financial year.
Meanwhile Housing Affordabilty: A fuller picture - a report prepared by the National Housing and Planning Advice Unit [NHPAU] for the Department for Communities and Local Government [DCLG] - identified that in 2008 [latest available figures] only 1 in 20 families in Brighton & Hove were able to afford to buy their own home.
Although house prices have declined since 2008, the NHPAU study assumed a 5% deposit but practically all lenders now require a 10% deposit as the minimum and 20% is common for first time buyers.
Cllr. Bill Randall of the Brighton & Hove Green Party condemned the figure and pointed out that 5,900 council homes have been sold into the private sector over the past 30 years.
Read related items on:
Brighton & Hove City Council
Department for Communities and Local Government
National housing Planning and Advice Unit