England faces a deepening housing crisis if the next
government doesn’t commit to a radical programme of house building, a KPMG and
Shelter report has warned. The report outlines how the 2015 government could
turn the tide on the nation’s housing shortage within a single parliament. New research estimates that average house prices would be
over £900,000 by 2034 if current trends continue – a quadrupling of current
prices. The research also shows more and more people priced out of a home of
their own as housing costs soar – a trend that could see more than half of 20
to 34 year olds living with their parents by 2040. The report sets out
essential reforms to increase the supply of affordable housing and stabilise
England’s rollercoaster housing market. It calls on politicians to commit to a
range of key measures. Download a copy of the report from the Shelter website.
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