The cost of renting and buying a home in Kent is rising at an alarming rate, placing immense pressure on young working adults and families, particularly those relying on a single income. The latest data reveals the scale of the crisis: Sevenoaks now has the highest rental costs in Kent, with average rents consuming 59% of an individual’s full-time salary. It costs on average £1,598 a month to rent a home according to latest figures from the Office for National Statistics.
Tunbridge Wells faces similar challenges. Average rents in the area now account for 53.7% of an individual’s income with the average rent climbing to £1,385 per month. Households in Dartford, Maidstone, and Canterbury are also under pressure. Dover remains the most affordable location in Kent, but even there, rents still consume 25% of the average full-time salary.
The situation is no better for those seeking to buy a home. Across Great Britain, the average house price is 7.8 times the average salary. Here in Tunbridge Wells, the income-to-house-price ratio is 11.9. This means to buy a medium-priced property in Tunbridge Wells – the average house price is £472,000 – a household would need 11.9 times their annual salary.
These figures highlight the growing inaccessibility of homeownership for many young working adults, especially those without significant savings or dual incomes.
The Green Party’s Commitment to Affordable Housing
The Green Party understands that housing is a fundamental right, not a luxury. Our national and local policies aim to address the root causes of the housing crisis, ensuring everyone has access to a warm, secure, and affordable home. Locally, Tunbridge Wells Green Party is advocating sustainable, community-led solutions to tackle rising rents and house prices.
The Green Party’s “Right Homes, Right Place, Right Price” charter outlines a transformative vision for housing in the UK. This includes:
- Fair and affordable housing: Local authorities and national government must collaborate to deliver homes that people can afford to rent or buy.
- Sustainable developments: Protect valuable green spaces while reducing climate emissions through smarter planning.
- Energy efficiency: Ensure all new homes meet heating and insolation standards, featuring solar panels and heat pumps to reduce energy costs and emissions.
- Investments in local services: Require new housing developments to include investments in local health, transport, and community infrastructure.
A Greener, Fairer Future for Renters
Millions of private renters face unaffordable costs and constant insecurity. The Green Party’s Fair Deal for Renters aims to:
- Introduce rent controls so local authorities can cap rents in unaffordable markets. Here is an excellent article on rent control: LeftFootForward
- Establish a new stable rental tenancy to end no-fault evictions, providing renters with greater security.
- Empower tenants to demand energy efficiency improvements to reduce energy bills and carbon emissions.
- Create private residential tenancy boards for affordable, informal dispute resolution.
These policies aim to make renting a secure, fair, and sustainable option for everyone.
Tackiling the Cost of HomeOwnership
For those looking to buy, skyrocketing house prices are making homeownership an impossible dream for many. Lenders traditionally offer mortgages of four to five times the buyer’s income, leaving single-income households particularly disadvantaged. With the average home in Tunbridge Wells costing over 11 times the average salary, homeownership is increasingly out of reach for local residents.
The Green Party proposes bold solutions to make homeownership more accessible:
- Build 150,000 new social homes annually through a mix of new construction and refurbishment of older housing stock.
- End the individual “Right to Buy” scheme to preserve social housing stock for future generations.
- Introduce a community right to buy, empowering local authorities to purchase and repurpose properties for social housing.
Investing in Energy Efficiency
In addition to addressing affordability, the Green Party is committed to tackling the energy crisis through its Fairer, Greener Homes Guarantee. With UK homes among the least insulated in Europe, energy bills are unnecessarily high. The party’s plan includes:
- A £29bn investment over five years to insulate homes to EPC B standard or above.
- A £9bn investment for low-carbon heating systems, such as heat pumps.
- Street-by-street retrofitting programmes led by local authorities to adapt homes for extreme climate conditions.
These measures will reduce household energy bills, cut carbon emissions, and create thousands of green jobs.
Working Together for a Better Future
Tunbridge Wells Green Party is dedicated to ensuring everyone in Kent has access to affordable housing, whether renting or buying. By championing these policies locally and supporting the Green Party’s national initiatives, we are working to create a housing market that puts people and communities first.
We believe housing is a right, not a privilege. With bold action and innovative thinking, we can tackle the housing crisis and ensure every resident in Kent has a place to call home.