Housing Crisis Not Caused By Lack Of Supply

The UK’s housing crisis is not caused by a lack of supply and 300,000 new homes a year would not make a significant impact on house prices and rents, the Tony Blair Institute for Global Change has said. The thinktank, which published a report written for the UK Collaborative Centre for Housing Evidence (CaCHE), said meeting the government’s 300,000 target would only cut house prices by around 10% over 20 years and that the supply shortage story was a “red herring”. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/housing-crisis-not-caused-by-lack-of-supply-says-tony-blair-institute-62891?utm_source=Ocean%20Media%20Group&utm_medium=email&utm_campaign=10820689_IH%20daily%2021%2F08%2F2019&dm_i=1HH2,6FXAP,8CKJV9,PJB67,1