of Affordable Housing
The UK housing market is in crisis. The demand for housing far outstrips the supply, and the cost of buying or renting a home is becoming increasingly unaffordable for many people. Propertymark, the UK’s leading professional body for property professionals, is calling on the government to intervene and increase the supply of affordable housing.
The UK’s population is growing rapidly, and this is putting pressure on the housing market. The number of households is projected to increase by 1.2 million over the next decade, and yet the number of new homes being built is not keeping up with this demand. This has led to rising house prices and rents, making it increasingly difficult for people to buy or rent a home.
Propertymark is calling on the government to take action to increase the supply of affordable housing. This could include measures such as providing incentives for developers to build more affordable homes, introducing rent controls, and providing more funding for social housing. These measures would help to ensure that everyone has access to a safe and secure place to live.
Propertymark is also calling on the government to introduce measures to make it easier for people to buy their own homes. This could include increasing the availability of mortgages for first-time buyers, introducing shared ownership schemes, and providing more support for people who are struggling with their mortgage payments. These measures would help to make it easier for people to get onto the property ladder and become homeowners.
The UK housing market is in crisis, and it is essential that the government takes action to increase the supply of affordable housing. Propertymark is calling on the government to intervene and introduce measures that will help to make it easier for people to buy or rent a home. Without government intervention, the UK’s housing crisis will only get worse.