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Health Check: An assessment of health workers living in private rental homes
There are around 1.4 million NHS workers across England. In 2023, one in 20 renters starting new tenancies in the UK were employed in the NHS. These key workers often have anti-social hours and are relatively low-paid. The urgent need to offer affordable housing is widely recognised and there is growing interest from investors and providers in addressing this need. Key findings: 1 in 20 renters starting new tenancies in 2023 were employed in the NHS. On average, NHS workers live 3.6 miles from work compared to 6.2 miles for other renters. 78% of homes rented in the private rental sector would be beyond the budget for a single-income household earning £31,514 pa.
Is it more affordable to rent or buy a home in the UK?
Amidst the ongoing debate about the affordability of the property market in the UK, our latest study provides insightful findings. It gives an overview of the correlation between the share of income spent on renting and purchasing a home in the top ten largest and most expensive cities of the UK. What you will find in this study: An overview of the affordability of homes in the UK's ten largest and most expensive cities Insights into the evolution of affordability between 2021 and 2023 Precise data on the share of income spent on renting vs paying mortgage in the top 10 cities of the UK
UK market outlook: July 2024
What is the outlook for the UK market in the second half of 2024? In this webinar, PriceHubble's Real Estate Economist, Julia Middleton presents her latest thoughts on the UK housing market outlook. An economist by training, Julia has over 20-years’ experience in property research. The session assesses the key drivers of economic and housing market cycles and reflects on how these might impact the UK outlook as we enter the second half of 2024. The presentation includes critical factors such as interest rates and affordability and also covers key themes evident in the rental market.