Luton Inclusive Growth Commission Housing & Infrastructure - PowerPoint PPT Presentation

Luton Inclusive Growth Commission Housing & Infrastructure Robin Porter Deputy Chief Executive and Corporate Director, Customer and Commercial

Housing Overview Mean House Price: Price bands in Luton: • Flats: £175k to £200k Luton - £248,169 • Terraced houses: £225k to £250k UK - £216,000 • Semi-detached houses: £250k to £275k Eastern Region - £296,000 Detached houses: £350k to £375k Housing Tenure % of Luton % Regionally Households  Owner Occupiers (Outright) 25.1% 32.9%  Owner Occupiers (with 35.1% 34.7% Mortgage)  Shared Ownership 0.4% 0.7%  Private Rented Sector 22.3% 14.4%  Rented from Local Authority 10.7% 6.8% Other 6.3% 9.4%

Affordability Ratio Ratio of median house price to median gross annual residence-based earnings 2017 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 Sep-13 Sep-14 Sep-15 Sep-16 Sep-17

Rented Sectors LA vs PRP average rent 2017 120 104.99 102.91 101.67 96.961 100 87.36 81.85 £ per week 80 60 40 20 0 LA PRP LA PRP LA PRP England Luton Central Beds

Homelessness Luton National Regional (Number per 1,000 households) 2013-14 9.18 2.32 2.32 2014-15 5.67 2.32 2.4 2015-16 5.04 2.49 2.52 2016-17 4.86 2.56 2.54 2017-18 4.48 2.39 2.41

Methods of Travel to Work Other, 2,082 Train, underground, Work from 5,425 home, On foot, 11,317 Bicycle, 1,156 6,239 Bus, coach, 6,546 Passenger in car / van, 7,511 Driving car / van, 49,313

Traffic and Parking Car Park <1hr 1-2hrs 2-3hrs 3-4 hrs 4-5 hrs All day Sat Sun Vicarage St £1.00 £1.50 £2.00 £2.40 £3.50 £7.00 £2.40 £1.00 The Mall £1.50 £1.50 £2.00 £3.00 £4.00 £10.00 As M-F £1.00

Digital Infrastructure

Social Infrastructure – Social Care

Social Infrastructure – Early Education

Gaps in Our Knowledge Further research is needed to understand the link between social infrastructure and inclusive growth in terms of: • The impact of housing upon standard of living, work and outcomes in health and education • The impact of transport infrastructure upon work, productivity and other outcomes • The impact of social infrastructure such as social care and education on life opportunities, access to the labour market and cost of living

Housing and Infrastructure Summary • House prices and rents are increasing steadily, making housing less affordable especially in the private rented sector • Luton has a significant housing challenge with high levels of homelessness, below average levels of home ownership and a lack of social housing • Luton has several infrastructure challenges including parking and congestion around the town centre with large numbers of residents travelling to work by car • Digital infrastructure in Luton is very good with increasingly high rates of superfast broadband connectivity • Luton also has challenges around social infrastructure including access to free early years education and quality social care for its young population • But we do have an airport!!