The UK housing market's perfect storm, and five steps to avoid it | Larry Elliott
With ownership plummeting, rents unaffordable and homelessness on the rise, action is needed to stave off a crash
Britain’s housing market is dysfunctional. The rate of home ownership is plummeting, and the average age at which people become owner-occupiers is rising. In London and other property hotspots, the rents are unaffordable for those working at the sharp end of the service sector. Homelessness is on the up.
William Beveridge identified housing as a postwar challenge for Britain back in 1942 when he named squalor as one of the “giant evils” that barred the way to progress. Three-quarters of a century later, the giant still is alive and well.
from The Guardian http://ift.tt/2xrv3cJ
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