Housing affordability is a major issue for Cambridgeshire with Cambridge City and South Cambridgeshire less affordable than the three other districts.
- In June 2009, Hometrack provided the ratio of average income to purchase price for an average home in each district. The data are in Table 19.
Table 19: Price of average home in relation to average income at June 2010
|Price of average home in relation to average income at June 2010|
Using registers of expressed housing need and other key housing market data, the Strategic Housing Market Assessment (SHMA) has projected the number of affordable homes needed in each district. The latest SHMA update was completed in 2009, based on 2007/08 data. The overall net need for new affordable homes per year is in Table 20.
Table 20: The overall net need for affordable homes per year
|The overall net need for affordable homes per year|
The need for affordable, and specifically rented housing across the sub-region has increased without a proportional increase in social housing stock. Some 15% of existing homes across the housing sub-region are socially rented - that is, from a council or a housing association. While overall housing stock has increased by 5% in the past five years, social housing has increased by just 0.3% in the same period.
Following the change in Government in May 2010, it was announced that there was an intention to reduce regional planning and abolish regional plans. For the purpose of this JSNA, the East of England Plan remains the most relevant plan until it is superseded or replaced by other measures.
New developments have the potential for improving the provision of affordable and social housing and also bring new opportunities to look at services afresh, and explore new more appropriate models of delivery. Implementation of new services and infrastructure may also be affected by policy and funding changes.
 Hometrack, 2009. www.hometrack.co.uk
 Cambridge Housing Sub-Region’s Strategic Housing Market Assessment, June 2008.