The UK’s chronic housing shortage is forcing first-time
buyers to accept lower quality properties. Natural light was cited as not being vital by 51 per cent
of prospective buyers, survey figures released by estate agents Your Move and
Reeds Rains show. Additionally, 63 per cent would go without a bath while 11
per cent said a kitchen was not vital. Adrian Gill, director of estate agents
Your Move and Reeds Rains, suggests current policies such as help-to-buy are
stoking demand instead of solving the supply problem. “The lion’s share of new
housing policy has been stoking demand, rather than supplementing supply,” Gill
said. Read more on the City AM website.
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