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Tag Archives: Department of Communities and Local Government

For decades, across much of the UK, far too few homes have been built. The average house now costs almost eight times annual earnings – an all-time record. In London and the South-East, of course, this ratio is even higher.

Much of “generation rent” is simply unable to buy a home. For millions of youngsters, even those with professional qualifications and good jobs, property-ownership is an ever more distant dream. Ten years ago, 64pc of 25- to 34-year olds, the crucial family-forming age group, owned their own home. In 2015, it was 39pc.
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