09 Jan '18, 7am

NEW RESEARCH -> 4 out of 5 homes for sale on former NHS land are unaffordable to nurses

Of the homes to be built for sale on NHS land, four out of five will be unaffordable to a nurse on an average salary. And where they could afford the mortgage repayments, a nurse would have to save for an average of 53 years to afford the deposit. Only one in 10 of the homes built on sold-off NHS land will be for genuinely affordable social rent. (There are 1.2 million English households on the waiting list for social housing.) The average expected sale price for these new homes, based on area estimates, is £315,279. This is 10 times the annual salary of a nurse. In London, the average expected sale price is £561,589 – 18 times the annual salary of a nurse. In London, across all sites, no homes for sale will be affordable to NHS key workers , including nurses and midwives. And even if they could afford the repayments, the shortest time it would take an NHS key worker to sa...

Full article: http://neweconomics.org/2018/01/no-homes-nurses-nhs-land-...

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