House prices in Canterbury City Council district have risen by 366% in the last two decades, according to a new report.
A paper going before councillors this week also shows the difficulty many potential buyers have in acquiring their own property.
It states that local house prices in the district are just over 10 times higher than average earnings, “highlighting affordability issues”.
Even more significantly, it suggests that 17,100 new homes should be built in the district before 2031 – a figure higher than the 16,000 mooted in the council’s local plan, the planning blueprint for the district for the same period.
Called the Strategic Housing Market Assessment, the report will go before members of Canterbury City Council’s policy and resources committee which meets on Wednesday night.
The assessment puts the average house price increase over 20 years at 366% – well above the national average of 290%.
And it calculates that up to 45% of households are unable to afford the private housing sector.
But while it adds 1,100 new homes the total needed to be built over the next 13 years, it does not suggest that new development sites be found.
The city is already seeing new housing developments springing up to meet the need for homes.
Pentland Homes is nearing the completion of the first phase of building at Hollow Lane in Wincheap. The Realmwood Close development next to the former Howe Barracks site is finished and being inhabited while work is beginning on former Ministry of Defence Land off Littlebourne Road.
Smaller developments are also taking shape. New homes are in the middle of construction on the former sea scouts site at Puckle Lane off the Old Dover Road.
The policy and resources committee had been due to meet at the Guildhall on Wednesday night, but the meeting has now been postponed until 7pm on Wednesday, July 18. The meeting is open to the public.