Solutions to the housing crisis
The Institute of Economic Affairs (IEA) has today released a briefing whereby it identifies causes of Housing crisis and suggests solutions.
The Institute headlines the briefing “Political leadership needed to solve housing crisis” This briefing explains how we have come to have such an extreme housing crisis and suggests how best the government can rectify the market.
Commenting on the briefing, Mark Littlewood, Director General of the Institute of Economic Affairs, said:
“The root cause of the UK’s housing crisis is simply down to the lack of supply, hurting Brits up and down the country. For too long there has been an absence of political leadership manifested through an unwillingness to confront organised interest groups.
“Instead of introducing schemes such as Help-to-Buy (which have actually pushed house prices up), the government should be aiming to improve affordability by getting rid of planning restrictions that are conceptually wrong, and allowing construction levels to increase to the level that will allow house prices and rents to fall across the board.”
To read the (IEA) briefing in full click here.
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