{"id":124654,"date":"2022-02-22T02:05:44","date_gmt":"2022-02-21T19:05:44","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-unaffordable-homes-building-injustice-into-the-economy-editorial\/"},"modified":"2022-02-22T03:06:19","modified_gmt":"2022-02-21T20:06:19","slug":"the-guardian-view-on-unaffordable-homes-building-injustice-into-the-economy-editorial","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-unaffordable-homes-building-injustice-into-the-economy-editorial\/","title":{"rendered":"The Guardian view on unaffordable homes: building injustice into the economy | Editorial"},"content":{"rendered":"<p>&#013;<br \/>\nLandlords ought to be tackled in any solution to Britain\u2019s housing crisisThe average wage of the top 1% in Britain rose to \u00a313,770 a month in December. Jeevun Sandher, an economist at King\u2019s College London, points out the very richest saw their incomes rise the fastest during the pandemic. This group were also likely to have been able to save the most while Covid raged. Where do the very wealthiest spend their cash? One place is housing, for which there is a low level of stock being released on to the market. The result is rising house prices. Over the past 12 months, asking prices have gone up by 9.5%.This has a knock-on effect for renters. UK rents rose by 8.3% in the last three months of 2021. For would-be first-time buyers, the situation is as bad if not worse, with the current average price of \u00a3277,000 nearly \u00a325,000 higher than just a year ago. Those looking to have a roof to live under will find little solace in official figures. These record an 11% drop in the number of total homes added in 2021 compared with the year before. The number of new affordable houses that began being built dropped 16% year-on-year. Shortages of labour and materials, as well as planning delays, will make it harder for the 11th Tory housing minister since 2010 to meet government targets for new homes. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/commentisfree\/2022\/feb\/21\/the-guardian-view-on-unaffordable-homes-building-injustice-into-the-economy\" target=\"_blank\" rel=\"noopener\">The Guardian view on unaffordable homes: building injustice into the economy | Editorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Landlords ought to be tackled in any solution to Britain\u2019s housing crisisThe average wage of&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124654","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wqy","jetpack-related-posts":[{"id":47051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-drive-housing-confidence-higher-despite-red-hot-prices\/","url_meta":{"origin":124654,"position":0},"title":"Millennials drive housing confidence higher, despite red-hot prices","date":"March 7, 2017","format":false,"excerpt":"\r A monthly sentiment index from Fannie Mae rose to the highest level since 2011, thanks to a surprising surge from millennials.\r \r Source : cnbc.com\r Read more...Millennials drive housing confidence higher, despite red-hot prices","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/signs-point-to-re-heating-in-housing-market-as-home-prices-stop-slowdown-in-july\/","url_meta":{"origin":124654,"position":1},"title":"Signs point to re-heating in housing market as home prices stop slowdown in July","date":"September 24, 2019","format":false,"excerpt":"\r The S&P CoreLogic Case-Shiller index rose 3.2% annually in July, the same gain reported in June. Prices are still cooling in the largest cities, however.\r \r Source : cnbc.com\r Read more...Signs point to re-heating in housing market as home prices stop slowdown in July","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91147,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-the-second-highest-in-asia\/","url_meta":{"origin":124654,"position":2},"title":"Singapore home prices the second highest in Asia","date":"June 11, 2018","format":false,"excerpt":"\r Private home prices in Singapore rose by almost 4.0 percent in Q1 2018. After increasing by only 1.0 percent in Q4 2017, private home prices in Singapore rose by almost 4.0 percent in Q1 2018, making it the second highest in Asia next to Hong Kong, reported Singapore Business\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-market-cools-as-stamp-duty-holiday-winds-down\/","url_meta":{"origin":124654,"position":3},"title":"UK housing market cools as stamp duty holiday winds down","date":"August 6, 2021","format":false,"excerpt":"\r Prices rose in July but annual rate of increase is down to its lowest level since March, says HalifaxBritain\u2019s biggest mortgage lender has predicted a cooling in Britain\u2019s house price boom after reporting a fall in the annual rate of property inflation.The Halifax said prices rose by 0.4% in\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-institute-housing-markets-spring-uplift-subdued-prices-up-only-2-annually\/","url_meta":{"origin":124654,"position":4},"title":"Real Estate Institute: Housing market&#039;s spring uplift subdued, prices up only 2% annually","date":"October 12, 2022","format":false,"excerpt":"\r The housing market's usual spring uplift has been subdued this year, with prices only rising 2 per cent annually but down by more than 8 per cent in Auckland.Real Estate Institute data today said the national median rose from $795,000...\r \r Source : nzherald.co.nz\/Property\r Read more...Real Estate Institute: Housing\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138095,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-rose-for-third-straight-month-in-april-sp-case-shiller-index-says\/","url_meta":{"origin":124654,"position":5},"title":"Home prices rose for third straight month in April, S&amp;P Case-Shiller Index says","date":"June 27, 2023","format":false,"excerpt":"\r Housing prices are recovering steadily after hitting a bottom earlier this year.\r \r Source : cnbc.com\r Read more...Home prices rose for third straight month in April, S&P Case-Shiller Index says","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124654"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124654"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124654\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}