Property News · April 29, 2018

Want to resolve the UK's housing crisis? Here's how | Larry Elliott


Our system favours landlords over communities. The PM must side with the many, not the fewTheresa May is right. Britain’s housing market is broken and needs fixing. Homelessness and rough sleeping are rising and owner-occupation levels for the young have collapsed because homes have become unaffordable. The average private rent in London accounts for more than a third of household income. The bill for housing benefit has risen eight-fold since the early 1980s after inflation is taken into account. House building has risen since the lows reached during the financial crisis of a decade ago but needs to almost double to hit the government’s target of 300,000 net new homes a year by the middle of the next decade. Continue reading…

Source : theguardian.com
Read more…Want to resolve the UK’s housing crisis? Here’s how | Larry Elliott

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