The long housing boom is causing growing economic and social problems because it has made housing unaffordable for many people, particularly the young, according to a report from a new thinktank, launched today.
Strong demand and limited supply of housing means the problem of affordability is likely to get much worse over the next two decades, said the National Housing and Planning Advice Unit.
The report forecasts that by 2026 the cheapest 25% of houses will cost 10 times the average earnings of the poorest 25% of people. At the moment these houses cost seven times earnings; a decade ago they were only four times.
more ...
------------------------
Check out the rest of this blog here.
Thursday 7 June 2007
blog comments powered by Disqus
Subscribe to:
Post Comments (Atom)
