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NEARLY 30% OF HOUSEHOLD INCOME SPENT ON HOUSING

2 days ago
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In terms of the proportion of income used to pay for housing Guernsey was ranked
above all 34 OECD members that had available data

People in Guernsey spend an average of nearly a third of their income on
housing, according to States' figures.

The Better Life Indicator report shows the average household has a post-tax
income of £30,960, with 30.5% of that being spent on housing.

According to the States, this figure would rank Guernsey above the majority of
developed countries in terms of cost of housing.

Environment and Infrastructure President, Deputy Lindsay de Sausmarez, said she
was "not at all surprised" by the results and that work was being done to
improve housing costs.



The report compared data to Organisation for Economic Development and
Cooperation (OECD) member countries.

States of Guernsey
The figures include the cost of housing, water, fuel, furnishings, household
equipment and routine maintenance


"We have always scored as relatively very expensive compared to other
jurisdictions and that shouldn't come as a surprise to anyone," said de
Sausmarez.

"We've been hopping up and down trying to make this exact point.

"All our data that we've put together in the Guernsey housing plan, shows that
systemically we have got an unaffordable housing market.

"We are in a market which is by definition, systemically unaffordable and that's
why we are putting in so much effort to tackling the problem."

She added: "It is not just about housing supply, there are an awful lot of areas
which need support and intervention to make them work better.

"We are now working toward a strategic direction, that's all pulled together in
the form of the Guernsey Housing Plan."

The percentage of income spent on housing is just one of 24 measures looked at
in the report.

The island fares better in many other areas when compared with the list of OECD
countries - scoring highly for average household income, life expectancy and its
low homicide rate.

Follow BBC Guernsey on X and Facebook. Send your story ideas to
channel.islands@bbc.co.uk.


More on this story


GUERNSEY PROPERTY PRICES UP IN THIRD 2024 QUARTER


ACCOMMODATION COST 'COULD BE DETERRING TEACHERS'


HOUSING PRICES DOWN BUT RENT CONTINUES TO RISE

Related internet links


GUERNSEY ANNUAL BETTER LIFE INDICATORS REPORT


Housing

--------------------------------------------------------------------------------

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