While property prices soar across the UK, Angus in Scotland stands out as an exceptionally affordable region, offering stunning natural beauty, a laid-back lifestyle, and historical attractions. Despite its low average house price of £164,076 and a house price-to-earnings ratio of 2.31, Angus boasts a rich history, breathtaking landscapes, and a welcoming community.
The number of seniors using homeless shelters in Fredericton has surged in recent years, driven by rising living costs and a lack of affordable housing. According to Warren Maddox, executive director of Fredericton Homeless Shelters, the increase is likely between 20 and 30 percent since 2021, and he predicts it will continue. The aging population of Baby Boomers is expected to further contribute to the trend over the next decade. Madeleine Gaudet, board president of Stepping Stone Senior Centre, expressed shock at the rise but acknowledged warning signs. Seniors with fixed incomes are particularly vulnerable to the impact of rising housing costs. The issue is not isolated to Fredericton, as a study in the Canadian Medical Association Journal reported a national increase in older adults accessing shelters.
Habitat for Humanity is developing $24 million in affordable housing for southern Alberta, with the Livingston development worth $9.8 million. The organization is constructing 24 units of housing on an entire city block in Livingston, providing affordable homeownership opportunities for families in need. Habitat for Humanity’s homes are sold with affordable mortgages that have no down payment or interest.
Two students in Calgary have found an innovative housing solution by moving into a local retirement home as part of a new intergenerational program. The program, funded by a federal grant, aims to provide affordable housing for students while also addressing the social isolation faced by many seniors. The students will pay only $500 per month for their rooms and dining privileges, in exchange for volunteering 30 hours a month. The program has been met with enthusiasm by both the students and the seniors, who say it is a win-win situation for all involved.
Edmonton’s Joey’s Home, a permanent supportive housing project for people with disabilities, is receiving $340,000 in provincial funding to add five new units and renovate its existing facility. The funding will allow the facility to provide specialized housing for individuals with dementia-related challenges and intellectual disabilities, as well as renovate its Mindful Hearts Memory Care Centre.
Sherborne, a quaint town in Dorset, has captured the attention of homebuyers and visitors alike, earning it the title of the best place to live in the Southwest by The Sunday Times. With declining house prices, a rich history and abundance of amenities, Sherborne offers a unique blend of affordability and charm.
The cost of renting in London has skyrocketed, with only six postcodes remaining where tenants can find a room for under £800 per month. These affordable areas are located further out from the city center, as renters seek cheaper options to cope with rising living expenses. Despite the lower rents, potential tenants should also consider the higher council tax rates in some of these postcodes.
In an attempt to revive the beleaguered property market, China is exploring a proposal that would see local governments purchase millions of unsold homes across the country. This ambitious plan could represent a significant intervention by the Chinese government to address the mounting housing inventory and its negative impact on the economy.
The luxury housing segment in India has witnessed a significant surge in sales, jumping from 7% to 21% in the past five years. In contrast, affordable housing has experienced a sharp decline, dropping from 37% to 20% during the same period. This trend is evident in the number of housing units sold and launched across major cities in the country.
The Integral Group recently opened Wellspring Apartments, a pioneering project that provides sustainable and affordable living spaces for Miami-Dade’s elderly population. With 99 units, 67 designated for low-income residents and 32 for moderate-income individuals, Wellspring Apartments responds to the growing need for affordable housing for aging adults. The project exemplifies The Integral Group’s commitment to community development, and the partnership with local government and organizations highlights the importance of innovative design and strategic partnerships in addressing housing affordability.
