Which is a social rent for
Posted: Sat Feb 08, 2025 8:17 am
Three quarters of single people in HMOs fell in the income cohort the great majority of sharers were unlikely to afford living alone in the private renting market.
The estimates could be applied to the local hong kong rcs data housing planning – for example, in assessing the target size of Affordable Rent, those able to afford higher (albeit not as high as private) rents.
Given that Affordable Rent is set at 80% of the median private rent, it would target single people with an income of £315 to £394 (again, on the same rent-to-income assumption). According to the income distributions, around 16% of single people in both independent households and HMOs would fall in the range.
If Affordable Rent were to be lowered to 65% of the private rent, which broadens the target income range from £256 to £394 range, a further 8% of single people in independent households would be attracted. The HMO equivalent would be 18%, suggesting the lower Affordable Rent might impact single people in HMOs more greatly.
The similar estimates (and nowcasts/projections with appropriate inflationary adjustments) for other localities or household types could be of immense benefit to local housing planners, in particular, those who need a feasible market study for their new housing products.
The estimates could be applied to the local hong kong rcs data housing planning – for example, in assessing the target size of Affordable Rent, those able to afford higher (albeit not as high as private) rents.
Given that Affordable Rent is set at 80% of the median private rent, it would target single people with an income of £315 to £394 (again, on the same rent-to-income assumption). According to the income distributions, around 16% of single people in both independent households and HMOs would fall in the range.
If Affordable Rent were to be lowered to 65% of the private rent, which broadens the target income range from £256 to £394 range, a further 8% of single people in independent households would be attracted. The HMO equivalent would be 18%, suggesting the lower Affordable Rent might impact single people in HMOs more greatly.
The similar estimates (and nowcasts/projections with appropriate inflationary adjustments) for other localities or household types could be of immense benefit to local housing planners, in particular, those who need a feasible market study for their new housing products.