If house prices surge again without a radical increase in
new homes it will become "unaffordable to exist" in parts of Britain
for the young, the property group JLL has warned. The cost of the average house
in the UK will rise by 22.8pc over the next five years, according to the
company's latest forecast, while prices in the supply-stricken Greater London
are predicted to climb 29.4pc. Adam Challis, head of residential research at
JLL, has issued a stark warning that the long term squeeze on affordability,
created by a lack of supply of new homes and a burgeoning population, could
have a direct impact on the UK economy. Read more on Yahoo!
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