One in three Londoners fear having to move out of their local area because of the high cost of housing, according to a new survey.
The Chartered Institute of Housing (CIH)/Ipsos MORI poll questioned adults aged 16-75 online across Great Britain. Thirty-four per cent of those living in Greater London agree they might have to leave their local area in the future because the cost of housing is too high, compared with 20 per cent across Great Britain as a whole.
The survey also found that:
More than two-thirds of Londoners (68%) believe it is harder for them to buy or rent a home than it was for their parent’s generation when they were the same age (Great Britain average: 60%)
Three-quarters (76%) believe it will be harder for the children of today to buy or rent a home than it is for them (GB average: 75%)
Three in ten people living in London (30%) are concerned about being able to pay their rent or mortgage right now (GB average: 24%) and a third (34%) are concerned they won’t be able to meet their monthly payments in 12 months’ time (GB average: 29%). And 36% say concerns about their housing costs are causing them a great deal or a fair amount of stress (GB average: 32%).
The survey also showed that Londoners are more unhappy with their homes than the average person in Great Britain. Eighteen per cent say they are very or fairly dissatisfied with their home (GB average: 12%), 19% say it is too expensive (GB average: 10%), and 25% say their home is too small or lacks space (GB average: 19%).
CIH released the figures ahead of Housing 2014, its annual conference and exhibition, which takes place at Manchester Central from 24-26 June. Chief executive Grainia Long said: “Our housing crisis is causing misery for millions of people across Great Britain, but as these figures show it is really taking its toll on people living in London. It is deeply disturbing that a third of Londoners think they might have to leave their local area because the cost of housing is too high. Many areas are well on the way to becoming out of bounds to all but the very wealthiest households – if things carry on as they are ordinary people will simply not be able to afford to live in many areas of the capital.
“Our survey showed that almost half of Londoners (48%) would support more homes being built in their local area. We think they are absolutely right – to have any hope of tackling our housing crisis we must drastically increase the number of new homes we build across all tenures.”
She added: “With the general election approaching, our survey also showed that all parties must do much more to convince people living in London that they can address this issue. When asked which party has the best policies on housing, 50% say ‘none’ or ‘don’t know’, while 44% don’t think that political parties pay a lot of attention to housing. Now is the time for action – we’re challenging all parties put tackling the housing crisis front and centre in their manifestos.”