Average prices of a home in the city have gone up by £6416 in the last year and the average wage struggling to keep up as it increased just 1.7%.With the price of housing increasing faster than wages, many people are concerned about trying to get their first home.
Nottingham city council has voted on a motion to support more social housing in the city.
Councillor Dave Liversidge said: “In council housing there’s a formula where we have to put rents up by the price index plus half a per cent every year, and thats a government formula that has been around for some time now, and that was in order to invest in more housing”.
“Nottingham city council is doing a lot of investment in houses. we intend to build another 2000 new houses over the next 4 years.”