By Frances Brill
The UK is gripped by a housing crisis. According to the Department for Communities and Local Government there was a 118,760 housing shortage in 2014. This, in part, has driven huge house price increases: 12% in London and 11% in Bristol last year.
Homes are becoming less affordable. The most commonly proposed solution is an increase in housebuilding which will put downward pressure on prices.The new Conservative government promises more homes and more ways of buying these homes. They have proposed ‘Starter Homes’, expanded the 'Right to Buy’ and 'Help to Buy’ and promise to restrict regulation. These neglect some of the biggest problems within the market: the rising cost of private rental and a severe lack of social housing.
'Starter Homes’ is a policy for first time buyers, under the age of 40. With a 5% deposit they will be able to buy a property with a minimum 20% discount up to a total market price of £250,000 (and £450,000 in London). These homes will all be built onRead More »from Tory housing plans will not tackle the housing crisis