YOUNG adults in the region are finding it more difficult than ever to get onto the housing ladder as not enough homes are being built to cope with demand, experts have warned.
Figures released by the National Housing Federation revealed that last year nearly 30,000 applicants in Derbyshire alone were on housing waiting lists, a rise of 40 per cent in a decade.
The area is the worst hit in the region, with 87 households, some families with children, currently registered as homeless as they can’t afford to buy or rent their own home.
Experts believe two key problems are facing prospective new homeowners — that not enough new housing is being made available to cope with the number of new applicants, and any housing that is available is too expensive, meaning that when people finally find a new home they are struggling to pay for it.
Across the East Midlands around 22,000 applicants applied for new housing in the last year, while less than 10,000 new houses were built, with rent expected to soar by 67 per cent in the next 10 years.
Chris Hobson, East Midlands lead manager for the National Housing Federation, said not enough was being done to help young adults get onto the housing ladder and offered a bleak view of the future if the current trend continued.
He said: “We’re simply not building It’s tougher than ever to get onto housing ladder enough homes for people in the East Midlands. This means hard-working people are really struggling to keep up with high costs of renting or buying a home.
“The East Midlands is set to see the largest increase in private rents anywhere in the country, so it’s just going to get even tougher.
This, coupled with rising house prices, means we now face the very real possibility that an entire generation will be priced out of being able to rent a home, let alone buy one.”
There was also worrying news for young adults in North West Leicestershire, where the number of people or families currently homeless has risen by 77 per cent in the last two years.
East Staffordshire came in lower in terms of the number of people currently searching for a home, but in both counties during the last year the number of houses built also equated to less than half of those seeking new accommodation.