A combination of rising house prices and the gender pay gap is preventing women from becoming homeowners. The report also looks at the median earnings by region and how far median earnings for men and women in each region fall short of income required for a mortgage. 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 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.