National Housing Federation East Midlands house prices research

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THE cost of buying your own home in the East Midlands increased by nearly three times the rate of an average salary over the past ten years – leaving thousands of people without a hope of ever getting on the housing ladder.

National Housing Federation research found that in 2001 the average price of a home in the East Midlands was £85,244, and the average salary was £14,971.

In the space of ten years the price of a home has rocketed to £160,997 – an increase of 89 per cent - whereas wages have risen just 31 perc ent to £19,661, making buying a home increasingly unaffordable for thousands of workers.

While, overall, the East Midlands has seen a 44 per cent increase in the gap between house prices and wages between 2001 and 2011, the 10 worst affected areas are:

Corby in Northamptonshire

Lincoln

Charnwood in Leicestershire

Gedling in Nottinghamshire

South Kesteven in Lincolnshire

East Northamptonshire

Chesterfield in Derbyshire

Leicester

Wellingborough

High Peak in Derbyshire