GEDLING BOROUGH COUNCIL HOUSING MARKET ASSESSMENT UPDATE APRIL 2012 B.LINE HOUSING INFORMATION LTD
[email protected] www.blinehousing.info Gedling Borough Council SHMA update 2012 - summary • 301 new affordable homes are needed each year to meet emerging need and to clear the backlog (housing register) over the next 7 years. • Most of the need for affordable housing (61%) comes from emerging households, rather than people already on the housing register. • 40% of emerging households are unlikely to be able to afford market housing. • The majority of emerging households could afford housing at the Affordable Rent level, which means that, overall, 56% of the new affordable housing supply (169) could be for Affordable Rent. • There will still need to be considerable provision of social rented properties (301 * 44% = 132) to meet the needs of the minority of emerging households and the majority of people on the housing register. Housing market indicators on price and incomes remain largely unchanged since the previous Strategic Housing Market Assessment Update in 2009. House prices have dropped slightly since 2009, but remain higher than in 2006, when the original SHMA was completed. This report is accompanied by and should be read in conjunction with a spreadsheet model populated with relevant demographic and housing data, to which are applied a number of calculations based on the ‘Bramley’ model, in order to estimate the number of households in need of some form of affordable housing. The model includes notes and guidance on how this need is broken down into those households requiring Social rent, Affordable Rent, and Intermediate housing.