Monday, 23 November 2015

Shortage Of Social Housing Drives Prices To Record High

Record house prices are being pushed up by an increasing lack of social housing and scarcity of truly affordable homes, say campaigners. The average cost of a house is now £286,000 after rising by 6.1 per cent in the 12 months to September this year, according to Office of National Statistics data. Meanwhile, average prices in London increased by 7.2 per cent to an eye-watering record high of £531,000. The housing crisis is being worsened by the Tory government failing to make provision for affordable home ownership and building of council properties in its widely criticised Housing and Planning Bill. Read more on the Morning Star website.

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