Britain is undergoing a housing crisis. The MP Jeremy Corbyn recently highlighted that London alone has 353,000 families languishing on social housing waiting lists, and 52,000 in temporary accommodation. In one year alone, 12,000 families were categorised as homeless. Their chances of obtaining decent, secure accommodation are very small.
A report by the National Housing Federation underlined a startling and tragic disparity. The average income in England is £25,000 a year. The average house price is £220,000. The gross annual income required to gain a mortgage is £56,000.
In London, the situation is much worse. With average house prices now at £362,000 and average income at £26,000, the average Londoner can never buy a property. Only those with an annual income of £93,000 are able to secure a mortgage