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Nearly 95% of homes on sale in the South West unaffordable for first time buying families

Photo: Chris Radburn/PA

Nearly 95% of homes on sale in the South West aren't affordable for first time buyers, new research has shown.

In North Dorset where there are only eight affordable properties.

Housing charity Shelter analysed asking prices for thousands of properties for sale throughout the region and compared them with the mortgage an average family buying their first home could afford.

Exposing the depth of the region's housing shortage, the research revealed that only 6% of homes for sale in the South West are affordable for families that need at least two bedrooms - while only 1% are affordable for larger families looking for homes with three bedrooms or more.

Nearly 95% of houses on sale in the South West aren't affordable for families Credit: Jonathan Brady/PA

The charity is now warning that unless politicians act swiftly to build the much-needed homes, families across the region will be forced to cope with continued instability and rocketing prices.

Nearly 95% of homes on the market are off limits for a typical family in the South West, and this is nothing short of a scandal.

Decades of failing to deliver the homes we need is leaving millions trapped in expensive and unstable private renting, or in their childhood bedrooms, with barely a hope of saving for a home of their own. It's no wonder that a week out from election day, affordable housing is a key concern for those heading to the polling booths.

For the next government, whoever that may be, it's time for the talk to stop and the work to begin. Politicians need to act swiftly to deliver the plan that will build the 250,000 homes a year we need, or millions more people will be forced to kiss their dreams of a stable and affordable place to live goodbye.

– Campbell Robb, Chief Executive of Shelter

Additional research from the charity found that when asked whether or not a party is on their side, voters are likely to consider a pledge to build affordable homes among their top priorities when casting their vote.