Many people in Doncaster will find it impossible to own their own home in the future, partly because of the cost of a deposit, according to research published by UNISON.
Getting a deposit together and obtaining a mortgage are hurdles that are too great to overcome for for many public sector workers across Yorkshire and Humberside, according to the findings.
John Cafferty, UNISON regional secretary in Yorkshire and Humberside, said: “Owning a home is now little more than a pipe dream for most public sector workers.
“Deposits and mortgages are quite simply way out of reach, while the spiralling cost of renting is eating up a growing proportion of the take home pay of working people across Britain. Wage rises haven’t kept pace with soaring house prices and rents, and the situation looks set to worsen.
“The struggle for housing cuts across generations, jobs and regions. Employees are being forced to work further away from their jobs, and young people cannot afford to move out of the family home.
“The government has had more wake-up calls over the growing housing crisis than hot dinners. Decisive, creative and responsible action is needed now.”
The UNISON report, called Priced Out, highlighted that it would take nearly 17 years in the Yorkshire and Humberside region for public sector workers wanting to buy for the first time to save the necessary deposit. This is based on first-time buyers being able to save £100 every month for a deposit.