{"id":49857,"date":"2017-03-28T01:35:40","date_gmt":"2017-03-27T18:35:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-house-prices-the-government-lacks-the-political-will-to-fix-the-broken-market-editorial\/"},"modified":"2017-03-28T01:56:04","modified_gmt":"2017-03-27T18:56:04","slug":"the-guardian-view-on-house-prices-the-government-lacks-the-political-will-to-fix-the-broken-market-editorial","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-house-prices-the-government-lacks-the-political-will-to-fix-the-broken-market-editorial\/","title":{"rendered":"The Guardian view on house prices: the government lacks the political will to fix the broken market | Editorial"},"content":{"rendered":"


\nIt has taken only tentative steps towards reforming the land market and improving tenants\u2019 rights. Young people without family wealth will pay the priceIf the price of milk had risen in line with average house prices over the past 40 years, consumers would now be shelling out more than \u00a310 for a four-pint carton: a sobering reminder of just how broken Britain\u2019s housing market is. With price increases like these, it is little surprise the number of first-time buyers relying on family loans is now at a historic high, according to new research from the Social Mobility Commission: one in three rely on family help, and the proportion of 25- to 29-year-olds who own their home has almost halved since 1990.A world where a growing proportion of young people can only afford to buy a home with family support makes a mockery of equal opportunity. Home ownership matters in Britain: yes, as oft remarked, it is a cultural aspiration; but one that is underpinned by rational financial interests. Home ownership provides a stability and financial security simply unavailable to those who rent, thanks to house price growth that benefits owners but drives up rents, and our very weak framework of tenants\u2019 rights. Continue reading…
\n
\nSource : theguardian.com
\nRead more…The Guardian view on house prices: the government lacks the political will to fix the broken market | Editorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It has taken only tentative steps towards reforming the land market and improving tenants\u2019 rights....<\/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-49857","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-cY9","jetpack-related-posts":[{"id":139214,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-uk-house-sellers-cutting-asking-price-reaches-highest-in-over-a-decade\/","url_meta":{"origin":49857,"position":0},"title":"Proportion of UK house sellers cutting asking price reaches \u2018highest in over a decade\u2019","date":"September 18, 2023","format":false,"excerpt":"\r More than 36% of properties have had asking price cut at least once \u2014 the highest figure since 2011UK house sellers are cutting their asking prices at the fastest rate in more than a decade, after high interest rates dampened demand for property this summer.The proportion of homes on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-house-price-tops-250000-but-market-starting-to-slow\/","url_meta":{"origin":49857,"position":1},"title":"Average UK house price tops \u00a3250,000 but \u2018market starting to slow\u2019","date":"May 30, 2022","format":false,"excerpt":"\r Proportion of sellers reducing asking price and time taken to sell have both increased, says ZooplaThe average price of a UK home has topped \u00a3250,000 for the first time, but the proportion of sellers reducing their asking price and the time taken to sell a home have both increased,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110617,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-condo-sales-jumped-30-6-in-q2\/","url_meta":{"origin":49857,"position":2},"title":"New condo sales jumped 30.6% in Q2","date":"September 10, 2019","format":false,"excerpt":"\r While the number of new project launches more than doubled in Q2 to 16 from six in the previous quarter, the number of units from projects were significantly lower at around 2,700 units compared to the over 4,900 units from Q1. Singapore saw new condo sales volume rose 30.6\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-house-price-drops-expected-despite-signs-of-market-stabilising\/","url_meta":{"origin":49857,"position":3},"title":"More house price drops expected despite signs of market stabilising","date":"April 13, 2023","format":false,"excerpt":"\r Rics monthly poll shows new buyer inquiries in UK are flat as volume of agreed sales falls furtherUK house prices are expected to continue to fall despite surveyors\u2019 expectations that the housing market will stabilise over the next 12 months, a study has shown.The Royal Institution of Chartered Surveyors\u2019\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122114,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-bto-flats-sold-within-a-year-of-reaching-mop-doubles-from-2016-to-2020\/","url_meta":{"origin":49857,"position":4},"title":"More BTO flats sold within a year of reaching MOP, doubles from 2016 to 2020","date":"September 21, 2021","format":false,"excerpt":"\r 13.4% of\u00a0BTO flats which reached their MOP were sold within a year, up from 6.5% in 2016. The Housing and Development Board\u2019s (HDB) statistics showed that the proportion of Build-to-Order (BTO) flats that were sold within one year of achieving their Minimum Occupation Period (MOP) has doubled from 2016\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/HDB-EIP.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-hdb-resale-buyers-paying-cov-on-the-uptick\/","url_meta":{"origin":49857,"position":5},"title":"Proportion of HDB resale buyers paying COV on the uptick","date":"July 6, 2021","format":false,"excerpt":"\r Despite the increase, the ministry noted that the majority of HDB resale buyers did not pay any COV, with the median COV for each year remaining at $0. 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