‘Drought’ of affordable homes

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Almost 75 per cent of homes on the market in Erewash are unaffordable for first-time buyers, new research shows.

Figures from homelessness charity Shelter reveal that out of 626 properties available, only 158 were ‘affordable’ — even for those who had saved deposits or taken out a loan.

This means that only a quarter of houses in the area, with two bedrooms or more, are considered attainable for a typical family.

 

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