Victor da Cunha, Curo Chief Executive, said:
“This new report will make alarming reading for anyone looking to rent or buy a home in area. With a salary of over £52k needed to buy a home in the West of England, getting onto the housing ladder is out of the question for most local people. Renting is equally dire, with private rents up 35% in the last 10 years.
“We share the concerns of the 80% of businesses surveyed who say the lack of affordable housing is stalling economic growth.
“We support the report’s calls for more house building in our region and we are investing heavily in schemes like Foxhill in Bath and in smaller developments across the West of England area.
“We have already built more than 2,000 affordable homes since 2004 and have a further 960 in our development pipeline up to 2017.These new homes are boosting supply, creating employment and reducing pressure on prices, and also creating much-needed affordable homes for local people.”