Storm clouds are looming over Britain’s housing market
Government intervention has inflated house prices to unsustainable levels. A crash is coming – and those on lowest incomes will suffer, writes Peter Brown.
Government intervention has inflated house prices to unsustainable levels. A crash is coming – and those on lowest incomes will suffer, writes Peter Brown.
Affordable housebuilding has fallen to the lowest level in 24 years
Labour’s Redfern Review finds that young people need more help to buy
If the government wants to help the ‘left behind’ then housing is the place to start
Private renting is increasing, including among families, while home ownership remains stagnant
This government’s few plans for housing are couched in the rhetoric of cost-cutting, rather than tackling the social determinants of poor health and growing inequality
The affordability crisis can be seen in all parts of the country.
There are today 1.7m households on social waiting lists, yet the government’s focus is on creating a mini-housing boom through its Help to Buy scheme.
George Osborne’s flagship Help to Buy housing scheme is dangerous and risks “detonating a bomb under the British economy”, David Cameron’s new housing advisor has said.
The last thing we need is a housing bubble, this will only make London’s housing crisis worse not better.