Local Government Association research finds that the continued rise in house prices in the Uk are squeezing young people out of the market. As house prices soar those under 25 able to get on the property ladder has dropped by over half. The association has published recommendations ahead of housing white paper for more affordable housing options.

Key Takeaways:

• Numerous “garden villages” are to be built around the UK to tackle the nation’s housing shortage.
• Plans are afoot for 14 new villages creating 48,000 new homes, taking the total number of new homes created to 200,000
• Teresa May has said one of her government’s main policies is tackling the UK’s housing shortage moving forward.

“Theresa May’s first announcement of 2017 “suggests her government will make housing one of its main priorities in the year ahead”.”

https://www.theweek.co.uk/house-prices/61987/house-prices-hit-ten-times-more-than-earnings