Key workers 'cannot afford housing'

Posted: 01 Aug 2006 09:54:04 GMT

            Property News - Key workers 'cannot afford housing'

Two thirds of towns surveyed by Halifax are too expensive for key public sector workers.

339 out of the 519 towns included in the survey had average house prices that were 17 times the earnings of a police officer.

The situation is at its worst in the south-east and in London, even though many jobs offer a 'London allowance' or increased pay as is the case with the Met police.

Martin Ellis, chief economist for Halifax, stated: "Key workers have been hit hard by the strength of the property market over the past five years.

"Now it is difficult for key workers to buy the average house not only in the south of England but also in significant parts of the Midlands, northern England, Wales and Scotland."

This is a significant problem for key worker sectors that could eventually affect recruitment and general well-being.

The ratio for house prices against earnings is lowest in Scotland.

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