15
Jun
Government needs to act now for housing
The British housing market could face years of first timers unable
to get onto the property ladder if the government does not do all
it can to boost the affordability of a home, it has been
warned.
Earlier this week, the Joseph Rowntree Foundation said that it
predicted there will be another 1.5 million first-time buyers
forced into the rental market by 2020 because they cannot afford to
buy.
Katy John, press officer for PricedOut, said that the issue could
last for years, unless the government boosts house building, social
housing and other affordability issues.
"Conditions will continue to be very challenging indeed for young
people - and indeed families - across the UK for decades to come,
unless proper action is taken now."
She said that debt issues which mostly affect those who are going
through university could also be a contributing factor in years to
come.