Dataloft (now PriceHubble)’s Post

🏥 New PriceHubble Study Alert 🏥 Our latest research examines the housing challenges faced by NHS workers in the UK. We reveal that an affordable housing shortage is forcing low-paid NHS workers, often working long hours, to live further from their place of work. 📣 Sandra Jones, Managing Director of PriceHubble UK, highlights a critical opportunity for the private rental sector in our latest study: "This research highlights the challenges faced by key workers in the housing market. We chose to shine the spotlight on NHS workers but could equally have looked at the pressures on renters employed in education, retail, or hospitality. The institutional rental sector is keen to help address this issue and we hope that the new government will be ready to engage with them". Download the full study now: https://lnkd.in/egqe9w6B 📊📉 The analysis is based on our Dataloft Rental Market Analytics dataset, the UK’s most comprehensive source of achieved rents and renter demographics. #NHS #AffordableHousing #RealEstate #PriceHubble #PropertyMarketInsight

🏥 Affordable housing gap for NHS workers 🏥 In our latest PriceHubble UK research, we examined the considerable housing affordability pressures faced by NHS workers. 🇬🇧 Our study showed that less than 15% of rental homes in 2023 were affordable for NHS workers on Band 5 or below, assuming that they can spend up to 30% of their income on rent. Indeed, with an average income of £31,514 (Band 5-6), nearly 78% of rental homes are out of budget for NHS workers. In London, only 2% of rentals are affordable. 🔎 To find out more about the housing challenges faced by NHS workers, download the full study now: https://lnkd.in/egqe9w6B The analysis is based on our Dataloft Rental Market Analytics dataset, the UK’s most comprehensive source of achieved rents and renter demographics. #NHS #HousingMarket #AffordableHousing #PriceHubble #PropertyMarketInsight #RentalMarketInsight #RentalData

Many thanks to the The Association for Rental Living for sharing our recent PriceHubble research that highlights the considerable affordability challenges faced by NHS workers in the UK.   The study highlights stark statistics that shed light on this key segment of our social infrastructure and the critical need to address the requirement for more affordable housing. Find out how close NHS workers live to their workplace, how this is affected by affordability and the lack of rental properties that are affordable to most NHS employees. The analysis uses data for new rentals started in 2023 and is based on our Dataloft Rental Market Analytics dataset, the UK's most comprehensive source of achieved rents and renter demographics. Do get in touch to find out how we can help your business. https://lnkd.in/eCQfXv67 #ARL #NHS #HousingMarket #AffordableHousing #PriceHubble #PropertyMarketInsight #BTR

🏥 How far do NHS workers live from their workplaces? 🏥 In our latest PriceHubble research, we examined the housing challenges faced by NHS workers in the UK. We found that an affordable housing shortage is forcing NHS workers, often working long and anti-social hours, to live further from their place of work. We were able to identify a sample of over 30,000 NHS workers in the Dataloft Rental Market Analytics (DRMA) dataset who had moved into private rented homes in 2023. They represent around 5% of all renters and, unsurprisingly, they are clustered within reasonable distances of large hospitals. How close depends, in part, on the availability of affordable rental housing. Compared to the wider population of private renters, NHS workers live significantly closer to their place of work. We found 35% of NHS workers in the private rental sector live within 2 miles of their workplace, compared to 22% of non-NHS workers. The median distance is 3.6 miles for an NHS worker and 6.2 miles for other renters. Lower paid NHS workers tend to live closer to their workplace than those on higher incomes, underlining the importance of affordable housing. To find out more about the housing challenges faced by NHS workers, download the full study now: https://lnkd.in/egqe9w6B 📊📉 The analysis is based on our Dataloft Rental Market Analytics dataset, the UK’s most comprehensive source of achieved rents and renter demographics. #NHS #HousingMarket #AffordableHousing #PriceHubble #PropertyMarketInsight

Over the last five years, the availability of staff in residential care homes for children and young people in the UK has been severely impacted by several factors. There has been a significant decline in recruitment, coupled with rising vacancy rates and challenges in retaining experienced staff. Many care providers report a staffing crisis, driven by factors such as high stress levels, low pay, and competition for skilled workers between organizations. This shortage is compounded by the challenging working conditions and lack of professional recognition, leading to burnout and turnover. The vacancy rates in care homes, including those for children, have risen sharply. For example, from 2021, vacancy rates in care homes across England have continued to climb, almost doubling within that year alone. This trend is mirrored across the broader social care sector, suggesting that the supply of candidates for residential care roles has not kept up with demand. Additionally, the pandemic has further exacerbated these challenges, making it increasingly difficult to maintain adequate staffing levels. Providers have also noted an increase in "salary wars," where organizations offer higher wages to poach qualified staff from competitors, worsening the staffing crisis. The situation is dire, with some homes even having to reject referrals due to insufficient staff to manage new intakes.

In a recent PriceHubble UK study, we analysed NHS employees living in the private rental sector. Key findings: One in 20 renters starting new tenancies in 2023 were employed in the NHS. NHS workers generally live much closer to their place of work than other renters, but in areas with high property values, they live further away. 35% of NHS workers in private rental live within two miles of work. 22% of ‘other’ renters live within 2 miles of their workplace. Lower paid NHS workers live closer to work than their higher paid colleagues. BUT In high value areas the NHS workers rent further away from their workplace. Clear evidence that a lack of affordable housing is impacting behaviours of NHS workers. Only 15% of homes rented in 2023 would have been ‘affordable’ to NHS renters on pay scale 5 or below. In London, only 2% of rentals were affordable to NHS workers, based on the average income of an NHS employee in the UK (£31,514 pa, which falls between Band 5 and Band 6 of the NHS pay scale). Even with an additional allowance, NHS workers renting in London face considerable pressures. This is why we are supporting the important work done by NHS Homes Alliance and Sarah Hordern to look for solutions to bring forward more affordable home delivery. We have done similar analysis for purpose-driven funds like Thriving Investments, working with Catherine Webster and her team to identify areas of greatest housing stress. 🔎 To find out more about the NHS analysis, download the full study: https://lnkd.in/egqe9w6B This analysis is based on our Dataloft Rental Market Analytics dataset, the UK’s most comprehensive source of achieved rents and renter demographics. #NHS #HousingMarket #AffordableHousing #PriceHubble #PropertyMarketInsight #RentalMarketInsight #RentalData 🔎 Alexis Radjabi Rory Black Camille Charlier Lisa D. Ian Walsh Anna Zaccaria Julia Middleton

In a leaked report this week, from the Housing Commission, the authors state that "A major issue of concern to the Commission is Ireland’s housing deficit,” and that emergency action is needed to combat it. The Commission estimates a deficit of between 212,500 and 256,000 homes in Ireland as of the 2022 Census. We are seeing this on the front line, day in day out, with large scale employers losing existing staff and struggling to recruit new staff, due to the lack of housing. HomeHak.com offers tried and tested solutions to large corporates to help their staff get selected for suitable housing. Working with some of the largest employers in the world, we help professionals get selected for quality homes, near their place of work. Read more about the leaked Housing Commission report in the The Irish Times here: https://lnkd.in/esTN5zCM #Housing #StaffHousing #Retention #Recruitment

We are carrying out research to better understand the housing needs of key workers in North Lanarkshire; in particular, how housing affects the recruitment and retention of staff for businesses in the area. Our aspiration is for North Lanarkshire to be the place to Live, Learn, Work, Invest and Visit. It is vital that we have a breadth of available housing options available to help attract and retain a workforce to support business growth and investment. We have made a commitment within our Local Housing Strategy to explore and deliver a broad range of housing options including Build to Rent, Mid-Market Rent and Shared Equity. Providing these will help diversify our housing market and provide a wide range of housing options to attract and retain key workers within North Lanarkshire. To help us understand the issues, we would appreciate if you would please take the time to complete our survey: https://ow.ly/IN3F50SMchT Please complete the survey by 4pm, Friday 18th August 2024. The first stage of our research will focus on understanding the challenges from an employer perspective. Following this, we would like to undertake a survey of employees to understand housing challenges from their perspective. For interested employers, we may arrange further discussion/ focus groups to explore the issues in more detail. If you have any questions or would like more information, please email localhousingstrategy@northlan.gov.uk  

🏡 NSW 2024-25 Budget: Housing for Health Workers in the Regions 🧑⚕️   Alongside the headline news about expanded social housing and the development of government land for market and affordable housing, there was another significant initiative: key health worker housing for the regions.   About a year ago, I explored solutions for a region struggling to recruit and retain staff— not just workers on lower incomes like enrolled nurses and JMOs, but higher income earners like RMOs, and surgeons. The rental market for small format housing, ideal for staff on 6-month rotations, was incredibly tight. Despite high demand, developers focused on building large lot housing to maximize ROI. The market was failing to deliver the housing that key health workers need.   The NSW Government’s $200.1 million investment in key health worker accommodation for rural and regional areas is a game-changer. This initiative not only enhances liveability for health workers but also ensures the availability of critical skills needed for essential community services.   It will be fascinating to see how the government delivers this housing solution for a cohort capable of paying market rent (if there was housing to rent!), addressing a crucial need in our regions.   #NSWBudget #HousingCrisis #KeyWorkerHousing #RegionalNSW

The demand for home health and personal care aides is rising due to the growing elderly population in the U.S. Despite being the fastest growing occupation in many states, workers are earning less than average U.S. workers. Read more at https://ow.ly/jiZU50SHkrR #homehealth #elderlycare #employmenttrends