A combination of rising house prices and the gender pay gap is preventing women from becoming homeowners. A report by the Women’s Housing Forum and the Women’s Budget Group has found that there is currently no region in North West where a single woman on median earnings can afford to rent or buy an averagely priced house. The report states that women need just over eight times their annual salaries to be able to afford a home, while men need just over eight times.
A combination of rising house prices and the gender pay gap is preventing women from becoming homeowners. A report by the Women’s Budget Group and the Women’s Housing Forum has found that there is currently no region in England where a single woman on median earnings can afford to rent or buy an averagely priced house. The report states that women need over 12 times their annual salaries to be able to afford a home, while men need just over eight times.