Thursday, November 21, 2019

Fixing Britain's housing market

Too many people are losing out because Britain does not have enough homes, of the sort people want and need, in the places they want to live,

This is particularly tough on young people and families but it affects people of all ages.

Purist ideological solutions are not the answer because both the market and the state have failed - the market has not delivered enough housing where it is needed but this has a great deal to do with state regulation. Britain's housing market is tightly regulated (as I should know having spent years on planning committees.)

The main reason young people and others on low incomes are being priced out of good options on the housing market is that Britain simply does not have enough homes in the right places. So a majority Conservative government will take the following action:

  • Build one million more homes in the next five years.
  • Strengthen the rights of renters by ending short notice ‘no fault evictions’.
  • Help more people onto the housing ladder by introducing a discount home scheme and by encouraging innovation in the mortgage market.
  • Improve the system for paying your deposit by introducing a deposit passporting scheme.

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